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๐จ Tariff Trouble Hits Bitcoin! ๐บ๐ธ๐
Tensions between the U.S., China, and other nations caused Bitcoin (BTC) to dip to around $74,000 in April. ๐ฌ
But things took a turn in May! ๐ Thanks to calmer moves from President Trump, BTC made a strong comeback โ smashing through a new all-time high of $111,000 by the end of the month! ๐๐ฅ
Still, the uncertainty around tariffs remains a serious concern. โ ๏ธ
According to Swyftxโs Chief Analyst Pav Hundal, Trumpโs unpredictable stance on trade could pose major risks for Bitcoin. ๐
๐ฃ๏ธ โIf the U.S. trade situation improves, Bitcoin could soar to $120,000 in June,โ says Hundal.
โThe biggest threat right now is that nothing changes โ and we stay stuck in this endless cycle of tariff uncertainty. If that happens, BTC could fall below $100,000.โ ๐
๐ FED Holds Back on Rate Cuts ๐ต
Hundal also pointed out that the Federal Reserve is delaying interest rate cuts due to all the tariff chaos. ๐ฐ๏ธ
The Fed wants clear signs of the economic impact before making a move, which could mean slower growth ahead. ๐ข๐
๐งฉ โTrumpโs tariff strategy is now threatening the Fedโs 2% inflation goal,โ he warned.
โWhat seemed possible 6 months ago now looks uncertain.โ
๐บ๐ธ The U.S. is at a critical economic crossroads, and the Fed is trying to navigate it carefully. โ๏ธ #BTC# #ContentStar#