The recent price surge of Bitcoin halted due to US President Donald Trump's threats to Russia. He indicated the possibility of imposing high tariffs unless a peace agreement is reached with Ukraine within 50 days.
Tensions Between US and Russia
President Donald Trump announced intentions to impose "very severe tariffs" if Russia does not reach a peace agreement with Ukraine. Some reports suggest that Trump plans to sell weapons to European countries, which will subsequently transfer them to Ukraine. His relationship with Ukrainian President Volodymyr Zelensky has been tense since his return to the White House in January 2025.
Cryptocurrency Market Reaction
Bitcoin prices sharply declined following Trump's threats, dropping below $120,000 after reaching a record high above $123,000. The threat of tariffs and sanctions pressured the cryptocurrency market, although earlier this year, similar threats led to Bitcoin plummeting to $75,000.
Bitcoin Situation Analysis
Trump's recent tariff threats were perceived as a significant event by market participants. Since its rapid growth, Bitcoin displayed a level of resilience, but today the situation changed in light of new presidential announcements. The market is closely monitoring developments and their potential impact on cryptocurrency prices.
The cryptocurrency market will remain influenced by political factors, such as tariff threats from the US. Market participants are waiting to see how this will affect the future movement of Bitcoin prices.
