Why Bitcoin is currently stable
Assalamu Alaikum
How are you? By Allah's grace, I'm doing very well. You may have noticed that the price of Bitcoin has been stable for the last few days. That is, the entire crypto market has suddenly become stuck in a circle. We saw a few days ago that the price of Bitcoin had dropped to $74,000 and now for the last few days, we cannot see any movement in the price of Bitcoin. It is falling below $84,000 and then rising above $85,000, so today I will discuss why the price of Bitcoin is stable.
So now we will do a Fundamental Analysis of the crypto market. Talking about Fundamental Analysis, we have to talk about Trump's tariffs because the last dumps we saw in the market were based on Trump's tariffs. Whenever Trump was increasing tariffs on China, the market was going down, and when Trump was in the middle of a settlement with China, the market was recovering again. And for the last few days, the crypto market is stuck in one place, the real reason behind this is Trump's tariffs. We have seen for the last few days that Trump is not giving any extra tariffs to any other country.
On the contrary, he is now trying to settle with all the countries on which he imposed tariffs, including Bangladesh, and you can see in Trump's social profile that he made a post three days ago and here he is saying including China. That is, all the countries on which Trump imposed tariffs are going to have a productive meeting and maybe the tariff issues will be resolved in that meeting. The main thing here is that Trump is not adding any new tariffs. As a result, the stock market and Crypto market have all become stable. Now, a lot is being based on Trump's next announcement as to where the crypto market and stock market will stand in the future. Now it remains to be seen what announcement Trump will make next.
Then if you come to polymarket, you will see that a voting system has been opened here and the topic of this vote is whether Donald Trump will remove Powell from his position. You all know that when Powell gives a statement, whether it is about the US Dollar or Bitcoin, it has a very bad effect on the market. And at that time there is a lot of volatility in the market. Recently Donald Trump had a private meeting with Powell and many are thinking that Donald Trump may remove Powell from his position. If Donald Trump does this, it will be very good for the crypto market.
Today's discussion concludes here. I hope you've found it interesting. Please share your thoughts on today's topic. Prayers for everyone. May everyone be well. Amen.
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