The tariffs sent shockwaves through the global financial sector, from crypto markets to stock exchanges. This created a very bad situation for the market. For example, think about it when the news came out yesterday and the US administration ordered that the Trump administration will suspend the additional tariffs for 90 days, there was a good movement in the market. For example, after this announcement yesterday, the price of all coins, including Bitcoin, increased by at least 5 to 10 percent. For example, today the price of Bitcoin has risen above 82 thousand dollars. By the time the tariff war started, the price of other coins, including Bitcoin, had dropped significantly. But the Trump administration will suspend additional tariffs for 90 days only for countries that are willing to negotiate with them. However, it should be noted here that the US administration has announced that the tariffs imposed on China will remain in place.
[source](https://pixabay.com/photos/stock-trading-investing-stock-market-6525084/)
What was everyone waiting for here? Everyone thought that the price of Bitcoin could come close to $50000. However, this possibility could not be completely ruled out. Because if the support line that was from 70 thousand to 73 thousand dollars breaks out, then the price of Bitcoin will fall and go closer to 50000 dollars. This is the crypto market though so we wouldn't want to be completely happy with even a small pump here. Kahn President Trump is considered to be a crypto-friendly but there is no telling what policies he will come up with and it could be a very turbulent situation for all financial markets. Anyway the current situation is a break for all the madness. All the countries for which they want to negotiate. It is over 70. However, China's tariffs will remain in place. S&P up 5%, Bitcoin also up. A huge relief going round, we get some reflection and talk after all. Let's hope those guys finally come to their senses.
But in this crypto market sometimes there are some situations created which are mainly by big whales and basically these whales play some kind of game with human sentiments. Although its market cap is huge, there is no accurate prediction or anything can be said. But it seems to me that what the market is doing now is usually to pump and dump the small investors out of the market and therefore they are pre-planned to pump and dump the market. You must be very patient to survive their plans. But the most important thing you can do is stop looking at your wallet over and over again. Because there is no negative news in the market right now if the whales don't keep the situation in the market for long and hopefully the market will move to a better position very soon. So wait and update yourself.
