According to Mihir (@RhythmicAnalyst), the US stock market experienced a dip following the announcement of a 250% tariff imposed on China by Trump. Amidst this economic tension, Bitcoin has seen a significant increase, reaching over $84,000. This price surge can be attributed to investors seeking refuge in cryptocurrencies as traditional markets react negatively to the trade tariffs. Traders should note the correlation between geopolitical events and cryptocurrency market movements, highlighting Bitcoin's role as a potential hedge against economic instability.

According to Cas Abbé, Ethereum ($ETH) has formed a bullish divergence, indicating a potential market reversal. This pattern is observed across several altcoins, suggesting a broader market trend. The recent tariff announcement by Trump might have been the final bearish trigger before this potential reversal. These technical indicators could signal trading opportunities for investors looking to capitalize on the anticipated upward movement. Source: Cas Abbé on Twitter.

According to Crypto Rover, the recent market downturn caused by Trump tariff news has not changed his bullish outlook. He anticipates a monumental bounce back despite the market's current state, indicating a belief in strong recovery potential (source: Crypto Rover on Twitter).