{"id":26414,"date":"2025-05-12T20:31:45","date_gmt":"2025-05-12T20:31:45","guid":{"rendered":"https:\/\/dogewisperer.com\/bitcoin-falls-below-102k-easing-of-tariff-risk-could-see-more-underperformance\/"},"modified":"2025-05-12T20:31:45","modified_gmt":"2025-05-12T20:31:45","slug":"bitcoin-falls-below-102k-easing-of-tariff-risk-could-see-more-underperformance","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=26414","title":{"rendered":"Bitcoin Falls Below $102K; Easing of Tariff Risk Could See More Underperformance"},"content":{"rendered":"
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In another addition to the old Wall Street maxim of “buy the rumor, sell the news,” bitcoin (BTC) has headed lower after the U.S. and China announced at least a temporary truce in their trade war.<\/p>\n

Bitcoin had been pumping higher since bottoming just under $75,000 in the days following President Trump’s early April Liberation Day tariff shocker. The price finally again topped $100,000 late last week following an agreement with the UK. China was the gorilla though and BTC nearly reached $106,000 in the early morning hours on Monday after the two countries over the weekend agreed to suspend most tariffs on each other\u2019s goods for 90 days.<\/p>\n

At press time, bitcoin had pulled back to $101,300, lower by 3% over the past 24 hours.<\/p>\n

Stock markets surge<\/h5>\n

Buy the rumor, sell the news, however, isn’t applying to U.S. stocks today. Shortly before the close, the Nasdaq is higher by 3.9% and the S&P 500 by 3.1%.<\/p>\n

What gives? No one can know for sure, but bitcoin’s rally from the April bottom \u2014 more than 40% at the peak earlier Monday \u2014 had far surpassed that of the major U.S. averages. Given that bitcoin was easily the more extended asset, the sizable relative underperformance today makes a bit more sense.<\/p>\n

“Bitcoin has been the clear outperformer so far, largely because it remains insulated from tariff-related risks,” Aurelie Barthere, principal research analyst at Nansen, said in a note shared with CoinDesk. “Following the latest Bessent and Greer announcements, I expect altcoins, U.S. equities, and the U.S. dollar, which all underperformed sharply in the first quarter, to begin catching up as the broader risk environment improves.”<\/p>\n

Despite today’s pullback, Kirill Kretov, trading automation expert at CoinPanel, noted that the 90-day tariff pause gave market participants a “clear, short-term positive signal” that’s supportive for risk assets including crypto, even though headwinds could rise again without a broader deal in place once the pause expires.<\/p>\n

“Lower tariffs ease inflationary pressures and improve global liquidity conditions, both of which are typically bullish for BTC and other cryptocurrencies,” he said. “However, keep in mind that this is a temporary arrangement; volatility will likely return as the 90-day window approaches its end.”<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

In another addition to the old Wall Street maxim of “buy the rumor, sell the news,” bitcoin (BTC) has headed lower after the U.S. and China announced at least a temporary truce in their trade war. Bitcoin had been pumping higher since bottoming just under $75,000 in the days following President Trump’s early April Liberation […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-26414","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/26414","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26414"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/26414\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}