Trump Tariff Tsunami Threatens To Wash Away Bitcoin Bull Market, Commentator Warns
Posted On February 27, 2025
Bitcoin (CRYPTO: BTC) continues its downward spiral, prompting a debate among market commentators to what extent macroeconomic data is influencing the correction.
What Happened: In an X post on Thursday, global capital markets commentator The Kobeissi Letter said the trade war is back as President Trump threatened a potential 25% tariff on the European Union.
This caused the S&P 500 to shed $500 billion in market cap and Bitcoin to follow suit, briefly dipping below $84,000. At the time of writing, the apex crypto is down 3%, …
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