Donald Trump’s tariff war is only heating up – he announced a 25% levy on aluminum and steel imports.
Trump also warned that countries levying US imports will face even higher tariffs.
Bitcoin ($BTC) dipped to $94K on the back of the announcement, and most altcoins followed. However, $BTC has now rebounded to $97K, so this is but a flesh wound rather than a bearish reversal.
Meanwhile, MicroStrategy’s Michael Saylor hinted he might go on another buying spree on X.
Trump’s Tariff Tantrums: How Crypto Weathers the Storm
This isn’t the first time Trump has shaken up the market.
Last week’s tariff announcement didn’t go well either, as Canada and Mexico slapped the US with reciprocal tariffs.
Now, Trump threatens the world with even higher import taxes.
Where will leaders draw the line? Will Americans soon be paying 3,000% extra on all imported goods? Or will the US learn to grow Sencha tea and make Parmigiano cheese?
Trump also shared plans to impose tariffs on oil, gas, steel, copper, and superconductors.
Bybit CEO Ben Zhou estimates that crypto liquidations reached $10B following the first tariff announcement. This time, the market dipped roughly $50M.
While crypto prices are recovering, the Crypto Fear and Green Index has been in the Fear territory the entire week.
But not everyone is bearish.
Saylor Breaks Silence, More Green Dots to Come?
Known $BTC evangelist Michael Saylor posted a screenshot of MicroStrategy’s portfolio tracker for the first time since January 20, when the company celebrated Trump’s Inauguration with an 11K $BTC purchase and switched from green and orange dots.
MicroStrategy’s total $BTC holdings now amount to $46.12B. While Saylor hasn’t announced any purchases in February yet, it wouldn’t be a stretch to suggest that he made use of the temporary market downturn.
While MSTR stock price fell 0.11% last month, it grew 356% in 2024 and 2,101% since MicroStrategy began acquiring $BTC five years ago.
Japanese firm Metaplanet, which adopted a similar strategy in 2024, recorded a 3,575% surge in its stock price over the year.
The bottom line is that the current dip is a mere blip on the radar.
Long-term, institutional and whale interest will drive crypto adoption and push altcoin prices to new heights.
Wall Street Pepe ($WEPE) Presale Sold Out, Analyst Predict a 549% Surge After Listing
Wall Street Pepe ($WEPE) could be first in line to benefit from the pending bull run.
With over $70M raised in less than three months, $WEPE is one of the best presales this year. All tokens are now sold out ahead of schedule, and FOMO is building up as early adopters await the token claim.
In a few days, $WEPE will announce the first exchange listings. This would present a chance for those who missed out on the presale to secure their spot in the Wepe Army and possibly push $WEPE to $0.0013, a 549% gain for the first supporters.
WEPE’s on a mission to level the playing field and bring power back to retail investors. Together, WEPE allies will share trading insights, tested strategies, and speculations to crush this bull run.
Even if you missed the boat of $WEPE presale, there’s still an opportunity to buy it on exchanges and win big. Follow WEPE on X so as not to miss listing updates.
Final Remarks
Macroeconomic and geopolitical forces do impact the crypto market, but to a much lesser extent than one would expect. While tariff announcements triggered brief selloffs, the market’s quick recovery demonstrates growing maturity.
As legacy whales like MicroStrategy hoard $BTC, degen investors bet on $WEPE for juicy gains. An epic presale, upcoming listings, and united community show that $WEPE is ready to take the market by storm.
However, we remind you that no gains are guaranteed. Always DYOR and diversify your portfolio to offset potential losses.
