Trump’s Tariffs vs Crypto: A Tale of Woe and Uncertainty 🤡📈

by
  • Macro uncertainty caps BTC upside amidst Trump’s tariff wars. 😢
  • U.S. Jobs report to dictate crypto’s fate? 🤔

Amidst the tumultuous reign of President Donald Trump, Bitcoin [BTC] quivers under the weight of tariffs and inflationary nightmares. 💩

For three days straight, the king of cryptocurrencies has faltered, casting a shadow of doubt over the entire crypto market. 🌑

Alas, $100K remains an unattainable dream for BTC, ETH struggles to rise above $3K, while Solana [SOL] wallows below $200. Ripple [XRP], ever the silent observer, stays muted beneath $2.5. 🎢

U.S. Jobs Report: A Sword of Damocles Hanging Over Crypto?

With Trump’s tariffs fueling inflation, the crypto world awaits the U.S. January jobs report with bated breath. 🕵️‍♂️

QCP Capital reveals heightened hedging activity through put options, hinting at a bearish sentiment. 😈

“As we tiptoe towards the non-farm payroll report, the market walks on eggshells. The desk notes a growing interest in BTC 28FEB25 80K puts and BTC 21FEB25 90K puts, suggesting caution prevails despite the skewed optimism.” 😬

Economists predict a January jobs surge of 170K, down from December’s 256K. If the forecast falls flat, the Fed may cut rates, a boon for BTC. 🎉

Conversely, a robust jobs report could freeze interest rates, dealing a blow to crypto amidst inflation fears. 😱

Coinglass liquidation heatmap reveals critical levels at $90K, $100K, and $110K, acting as price magnets during liquidity-driven rallies. 🧲

Read More

2025-02-07 19:06