Bitcoin Dips Below $118k: Why You Should Trade Like a Pro in the Tariff Tizzy

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Oh, what a day for Bitcoin (BTC)! On Friday, it had a little tumble, slipping below the $118k mark-right into the $117,672 range-thanks to all that drama between the U.S. and China. And, boy, don’t we just love it when those tariff talks stir up trouble! 😱 The digital coin dropped almost 3% as panic spread like wildfire through the crypto markets. Seriously, if it were any more dramatic, it’d be a soap opera.

So, here’s a fun tidbit from Coinpedia: a whopping $1 billion was liquidated after President Trump tweeted his oh-so-wonderful threat to slap even more tariffs on China. I mean, nothing screams “fun” like a trade war, right? 🙄

How to Trade Bitcoin Under a Shaky U.S.-China Tension

Now, before you start hoarding canned goods and hiding under the bed, let’s talk strategy. According to the crypto sage Adam Kobeissi, founder of The Kobeissi Letter, you’re going to want to get cozy with a TACO trade. Yes, you read that right-TACO. And no, it’s not a delicious snack, though I wish it were. TACO stands for ‘Trump Always Chickens Out,’ and if that name doesn’t make you giggle, I don’t know what will. Apparently, this magical trade worked earlier this year when Trump’s tariff threats tanked the markets, but after a little back and forth, they bounced right back like a rubber ball. 🏀

“When President Trump claims there are massive tariff increases on the way, it’s not just a tantrum, it’s a tactic,” Kobeissi said, probably shaking his head with a grin. “Once the dust settles, expect the U.S. and China to start chatting again, and markets will rebound faster than your grandma’s knitting needles!”

Bullish on Macrouncertainities (Whatever That Means)

Now, hold onto your hats, because the crypto market is thinking the Fed’s going to continue slashing those rates before the year’s over. Why? Oh, you know, just to keep the economy from imploding. Meanwhile, the U.S. dollar has been dragging itself through the mud, losing over 10% this year. That’s right, folks-labor markets are wobbling, inflation’s knocking at the door, and the dollar’s just hanging on by a thread. Welcome to 2025!

But don’t worry, folks-Kobeissi’s got your back. He says asset owners are in for a long-term win. In fact, gold prices have been soaring like an overcaffeinated eagle since mid-August. And guess what? This could be a hint that Bitcoin’s about to get its own rally going. 🚀

Oh, and just in case you missed it, market analyst Benjamin Cowen thinks Bitcoin’s future looks bright. On Friday, a bunch of people jumped ship from altcoins and threw their cash into Bitcoin, all because of that juicy tariff news. The wider crypto market? Well, Cowen’s expecting it to take off in a parabolic rally before 2025 makes its grand exit. 🚀💥

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2025-10-10 21:28