| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107251.5500000000 |
| ETH | $2429.7500000000 |
| BNB | $649.1198000000 |
| XRP | $2.1825720000 |
| ADA | $0.5613986000 |
| SOL | $149.8800000000 |
| DOGE | $N/A |
| DOT | $3.3867000000 |
| LTC | $86.4074000000 |
| LINK | $13.3016500000 |
Category: CRYPTO NEWS
The post Lance Roberts Spots Trade War Signals blocking $120K BTC rally appeared on BitcoinEthereumNews.com. Bitcoin price rallied 10% as Trump hinted at a tariff rollback, boosting risk appetite. However, market uncertainty persists, as analyst spots patterns similar to 2019’s US trade war impact. Bitcoin (BTC) Rally Restarts as Trump Hints at Tariff U-Turn Bitcoin (BTC) volatility persisted on Wednesday as traders reacted to fresh developments in U.S. trade policy. Since President Donald Trump announced the creation of a Crypto Strategic Reserve on Sunday, March 2, BTC has traded within 10% ranges for three consecutive days. After surging 11% following the strategic reserve announcement, Bitcoin’s rally was abruptly halted when Trump confirmed a 25% import tariff on Canada and Mexico, triggering a sharp 15% sell-off on Monday. However, the market took another dramatic turn on Wednesday. Late Tuesday, U.S. Secretary of Commerce Howard Lutnick stated that President Trump will “probably” reach a compromise with Canada and Mexico in the coming days. Traders responded swiftly, piling into buy orders on optimism that an anticipated tariff rollback could ease economic uncertainty, bolstering risk assets like Bitcoin. Bitcoin (BTC) Price Action, March 5 Within 12 hours of Lutnick’s statement, BTC surged 10%, rallying from its weekly low of $81,400 recorded on Tuesday to reclaim levels above $91,500 by mid-day in U.S. trading. If bullish momentum holds, a close above $90,000 could reinforce a broader breakout attempt, setting the stage for Bitcoin to target new highs. Lance Roberts flags Trade war reactions exerting bearish pressure on BTC price action On Wednesday, BTC price reclaimed territories above the $91,500 level as markets reacted to speculations that US President Donald Trump could ease tariffs imposed on Canada and Mexico.Bitcoin analyst Lance Roberts published charts showing how US Trade policy has impacted financial markets in recent weeks. “Trade War 1 vs Trade War 2.So far, the #market is tracing out Trump’s first…
2025-03-06T03:35:07+00:00