Bitcoin: news moves the market

Image by RonWriter87

In his inaugural address, President Trump said he would impose tariff rate increases on countries that did not reel in their citizens illegally entering the U.S.

In February, he made good on his promises. Some countries blinked, causing a 30-day pause.

Bitcoin bounced higher.

However, China shot back, imposing a 15% duty on U.S. imports of coal and LNG (natural gas). They also included crude oil, agricultural machinery, pickup trucks, and some automobiles with a 10% duty.

At the news, Bitcoin bounced to around $93K, then hit $102K.

Chairman Powell held interest rates steady.

Bitcoin bounced to around $105K on the news.

Last week’s launch and unexpected success of DeepSeek impacted the Cryptoverse (the traditional financial market).

Bitcoin bounced, dropping to around $97K before hitting $102K.

As goes Bitcoin, so goes the Cryptoverse

When Bitcoin bounces — up or down — altcoins (any coin other than Bitcoin & Ethereum) follow.

In each of these news-related bounces, Bitcoin dropped about 4%, while altcoin saw a 6% to 10% drop.

It is the nature of the Cryptoverse (and the broader investment market).