Bitcoin (BTC) Set to Rise After Trump’s ‘Liberation Day’ Tariffs: What to Expect
The post Bitcoin (BTC) Set to Rise After Trump’s ‘Liberation Day’ Tariffs: What to Expect appeared on BitcoinEthereumNews.com.
On Wednesday, President Trump will announce the tariffs that will be imposed on a range of countries. All the tariffs will take effect immediately. Markets have receded over recent weeks in anticipation of the tariffs, but a much greater degree of certainty could now be restored. Will the U.S. stock market and Bitcoin start reversing their downward trends? What really matters to the market For markets, what really matters isn’t news that has the potential to send them rapidly in one direction or the other, it is ‘certainty’, or as close to that as it is possible to get. The news can be really bad or extremely good, but as long as the market is able to price this in, huge spikes up or down can generally be avoided. Will the tariffs already be sufficiently priced in? The U.S. stock market, and also Bitcoin, given the strong correlation, have come down relatively hard over the last few weeks due to the large uncertainty over President Trump’s tariffs. The market has not known with any degree of confidence just how harsh the tariffs would be, or how many countries they would affect. Therefore, once this is known later on Wednesday, when President Trump announces the tariffs at a formal event, it may be that the amount the stock market has already dipped, could be more than what will be priced in, thereby allowing the market to start reversing its current downtrend. U.S. stock market primed for a bounce Source: TradingView The S&P 500 has dipped as much as 10.6% from top to bottom. The horizontal support band from $5,635 down to $5,560 is currently holding, so a rally could take place from here. At the bottom of the chart, the Stochastic RSI, and the Relative Strength Index, are also both in excellent…
Filed under: News - @ April 3, 2025 4:23 am