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.
He started with China, then Canada and Mexico. Bitcoin price fall. He moved to European Union countries and the price continue to fall. The latest he imposed was on imported cars which was two days ago. The market did not react fast but later bitcoin fall again as you can see.
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.
What bitcoin community did not know was that we do not need Trump. Bitcoin was $0.003 in 2009 but it has continue to increase. During Biden/Gensler time that was told to be hostile, bitcoin increased significantly. Bitcoin was approved in the United States.
The reason some people go for Trump is because of altcoins which are pump and dump and not a store of value as they do not get to ATH after they become an old coin. We expected something better but what we saw were Trump and Melania coin.
Bitcoin was growing all the time before Trump and will grow after his term ends and a new president comes. I think that Trump understood perfectly well what his policy regarding tariffs would lead to, this is not something accidental, everything from the inauguration, his meme coins and ending with tariffs is market manipulation. He does this in order to increase his wealth, of course now it is difficult to understand what this can lead to, but I assume that it will again end with a large stimulus to the economy and an infusion of a large money supply, as it was during his first term as president. Everything will be fine, you just need to wait out the storm.