Bitcoin's recent price volatility has been linked to statements by U.S. President Donald Trump, according to experts from RBC. Alexander Krayko of Cifra Markets observed that Bitcoin's price fluctuations have closely followed Trump's rhetoric on trade with China. The cryptocurrency experienced a significant drop after Trump threatened 500% tariffs, but partially recovered following more conciliatory comments. Upcoming events such as the U.S. Federal Reserve’s Bitcoin conference on October 21 and the Consumer Price Index report on October 24 are expected to further impact Bitcoin's trajectory. Vasiliy Giry, CEO of GIS Mining, also pointed out structural vulnerabilities in the crypto market, highlighting low liquidity and speculative trading as major concerns.
Bitcoin Volatility Tied to Trump's Trade Remarks, Analysts Report
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