The post Bitcoin Price Resilience Tested Amid US Trade Tensions; Key Support Levels Around $107,000 Suggested appeared on BitcoinEthereumNews.com.

Bitcoin experiences significant volatility, plunging to nearly $107,000 as the impact of renewed US trade tensions influences market sentiment. Traders are on high alert as headlines dictate price movements, emphasizing the delicate balance in the current market. The latest news regarding US tariffs has added to the uncertainty. Bitcoin, alongside other risk assets, witnessed a rapid downturn, marking a fleeting dive of around 4% before recovering slightly. As analytics from CoinGlass indicate, liquidations totaled over $500 million within 24 hours. “Our discussions with them are going nowhere!” Trump stated in a post on Truth Social, further fueling fears in the market. US Trade Tensions Trigger Market Reactions Bitcoin joined other risk assets in a knee-jerk reaction to the latest developments in the US trade war. Following comments from President Donald Trump regarding tariffs on the European Union, Bitcoin saw a dramatic drop to lows of $107,367 on Bitstamp. As investors reacted to Trump’s announcement of a potential 50% tariff, fear permeated the market. Data from Cointelegraph highlighted significant losses, underscoring how external factors can rapidly influence cryptocurrency valuations. The immediate decrease in BTC prices also impacted traditional markets, with the S&P 500 and Nasdaq both seeing declines. Market Reactions and Trader Insights Analysts and traders were not surprised by the market reactions. “Nice aggregate flush of long leverage & de-risk selling from spot,” noted popular trader Skew, underscoring the volatile landscape driven by headlines. The ongoing fluctuations serve as a reminder about the sensitive nature of cryptocurrency markets and their closely intertwined relationships with global economic trends. Notably, Daan Crypto Trades remarked, “Markets worldwide obviously not liking the news,” indicating broader implications for investor sentiment. Future Market Outlook Looking ahead, traders are keenly observing critical price levels that Bitcoin must maintain to protect its bullish momentum. Crypto analyst Crypto Caesar…

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Filed under: News - @ May 23, 2025 9:25 pm