Bitcoin has been following United States stocks in trends like never before. During the election, Trump helped bitcoin to increase but the tariff he is imposing on other countries makes the United States stocks to suffer while bitcoin is part of the assets that was affected.
I haven't really thought about that but now I checked both, Bitcoin and NASDAQ charts and they look very identical. Why is that? I think that this means, Bitcoin has been following Stocks for years. Maybe people expect Bitcoin to move like Stocks and that's why it's price is similar to NASDAQ? Or maybe people sell their Bitcoins and Stocks when there are hard times? I'd really love to hear an explanation from someone who really knows a thing about it.
When Trump was elected, it was gold that suffered. It fall from I think $2900 to $2500. My price is not that accurate but the fall was significantly with the price I posted. Later gold start to increase again. It is not moved by the Trump's tarrif because and it continues to increase and hit ATH. Gold is now above $3050 as stocks and bitcoin suffers.
No, it fell from 2745 to 2651 and then went up back again. Where did you check statistics? Maybe I'm checking wrong charts or wrong websites.
What bitcoin community did not know was that we do not need Trump.
Everyone knew it but people are looking for personal benefits and many people saw potential of making money from this situation. Trump's PR team also worked very well to make him associated with Bitcoin's success.