Crypto Market: Will Trump’s Trade War Truce Make Bitcoin Go Boom? 💥

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Well, well, well! The crypto market, led by our dear friend Bitcoin, is doing the ol’ sideways shuffle! 💃🕺 With macroeconomic fundamentals throwing a tantrum, it’s like watching a cat chase its tail—entertaining but utterly confusing!

Crypto Market Eyes Rebound As Trump Suggests US-China Trade War Could Soon End

Hold onto your wallets, folks! Donald Trump just hinted that the US-China trade war might be packing its bags and heading for the exit! According to a Reuters report (you know, the one that’s always right), Trump said he doesn’t want to raise tariffs any higher because, at some point, people just stop buying stuff. Shocking, I know! 😱

He even suggested they might want to lower tariffs because, let’s face it, who wants to pay more for their Chinese takeout? 🍜 But let’s not forget, this is the same guy who slapped a whopping 145% tariff on Chinese goods! In retaliation, China said, “Oh yeah? Well, here’s a 125% tariff on your hot dogs!” 🌭

As a result, the crypto market has been on a rollercoaster ride, and not the fun kind! 🎢 But with Trump waving a white flag, we might just see Bitcoin bounce back like a rubber ball in a game of dodgeball! 🏐

And guess what? Bitcoin had a little party this week after hearing that China might want to play nice with the US! 🎉

The Consolidation Phase Could Soon End

Crypto analyst Kevin Capital, who sounds like he should be in a superhero movie, thinks the consolidation phase for the crypto market is about to end! In a recent X post (not to be confused with the letter X), he said everything is going according to plan. What plan? Who knows! But it’s a plan! 🤷‍♂️

He hinted that the correctional period isn’t over yet, but it’s getting close—like that last slice of pizza at a party that everyone’s eyeing! 🍕 The big question is: will Bitcoin hit new highs or just give us a sad little lower high before plunging into a bear market? 🐻

He also mentioned that we can track this through money flow, macro fundamentals, and overall spot volume. Sounds fancy, right? But really, it’s just a way of saying, “Keep your eyes on the Fed!” 👀

Speaking of the Fed, Chair Jerome Powell recently said they have no plans to lower interest rates anytime soon. But Bank of America is out here predicting four rate cuts this year! So, who’s right? It’s like a game of poker, and we’re all just hoping to not go broke! 🃏

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2025-04-19 18:28