The post Trump’s Policies Impact Bitcoin Once Again appeared on BitcoinEthereumNews.com.

Bitcoin, the foremost cryptocurrency, recently experienced a decline, dropping to $107,700 amidst ongoing selling pressure from the U.S. market’s opening bell. Contributing to this financial turbulence are the tense relationships caused by the Trump administration’s tariff policies and China’s reticence following a semiconductor leak. These events have led Goldman Sachs’ Waldron to provide his views on the situation. How Does Goldman View Cryptocurrencies?What Are Goldman’s Economic Projections? How Does Goldman View Cryptocurrencies? Bitcoin has shown a tendency to attempt upward movements, but these efforts are hampered by the uncertain statements from former President Trump. A U.S. court has ruled that Trump does not wield absolute authority over tariffs, questioning their legitimacy. This ruling gives investors a bittersweet sense of relief while simultaneously heightening economic anxieties. The ambiguous nature of the political activities is further inflaming apprehensions. At the time of writing, Japan’s Prime Minister mentioned ongoing negotiations. “I had a 25-minute conversation with Trump, exchanging views on tariffs. Our aim is to create jobs through investment,” stated the Prime Minister, indicating improved understanding between them. Japan is considering a U.S. visit before the G7 summit if needed, discussing diplomacy, security, and economic strategies as part of an unaltered focus on beneficial ties. What Are Goldman’s Economic Projections? David M. Solomon, the President and COO of Goldman Sachs, recently offered notable comments on expectations for the tariff lawsuit, anticipating its escalation to the Supreme Court. He noted that despite pressures, the U.S. economy and its consumers show significant resilience. “I expect the Supreme Court to hear the tariff case. The U.S. economy and consumer are showing tremendous resilience. The market is justifiably focusing on U.S. fiscal challenges. The predominant risk lies not in tariffs but in long-term interest rates. We observe the secondary and tertiary effects in the markets. Currently, there’s…

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Filed under: News - @ May 30, 2025 12:22 am