🤔 Trump’s Tariffs or Crypto Calamity? Dive into the Debate!

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With a flourish befitting of a tempest, crypto retail traders promptly pinned Friday’s bitter market unraveling on President Donald Trump’s temerarious 100% tariff proclamation upon China. As with any reluctant metamorphosis, they scurry for an ideal scapegoat during lulls, as observed by the sagacious Santiment.

Yet, industrious analysts propose this tale of downfall extends far beyond mere tariffs, diving deeper than the common man’s reach. “Ah, the age-old aria of ‘but why?’, intoned by the eternal retailer, wearily attributing a seismic crypto slump to a singular incident,” quips Santiment in their enlightening Saturday missive.

Santiment wryly observes, “Following the dramatic descent, the eager conclave swiftly convened in digital forums, weaving a tapestry of reasoning between the crypto febrile lands and the nebulous US-China tariff specters.”

The US-China Pages Neatly Bound in Retailers’ Fates

For though the geopolitical tempest kindled the flames of descent, complicit were many a scribe. Scholars of The Kobeissi Letter adduced excessive leeway and brazen gambles in the ever-fledgling crypto realm, revealing an astounding 7-to-1 long-short dominion. As the curtains fall on each performance, some $16.7 billion in long positions vanished, startling in its grandeur against the modest $2.5 billion in shorts.

Such was the formidable liquidation, Bedazzled by turmoil as Bitcoin saw its inner strength tested, plummeting over 10% in mere hours. Here, the BTC/USDT futures on Binance swayed to an almost mythic nadir of $102,000, echoing Trump’s tariff decree.

Santiment muses, “The unfolding saga between the US and China shall indeed sculpt, if only in fleeting moments, the whims and decisions of crypto’s fervent investors.”

Will Sub-$100K Dreams Unravel?

Should emissaries from Trump and Xi weave a narrative of amiable discourse, one may find the spirits of crypto’s disciples uplifted. Yet, in the specter of rising tensions, Santiment portends a storm of dispirited predictions. As if summoned by an unseen hand, the ominous hymn “Bitcoin sub-100K” perched on eager lips may proliferate, they incant:

“Bitcoin, regardless of one’s sentiment, is dancing, nay, pirouetting more convincingly as a vessel of risk than a steadfast sanctuary amidst national tumults.”

As sentiments plummeted in the wake of the finance fiasco, the Crypto Fear & Greed Index, a barometer of the market’s mood, cascaded to a drought-level Fear of 27. A staggering descent of 37 points from Friday’s semiotic zenith reading of 64, which languishes on nearly six months low.

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2025-10-12 04:31