Bitcoin (BTC) has turned to a downward trend as the confusion in Donald Trump's tariff policy increases market uncertainty. Amid this, Michael Saylor, chairman of Strategy, hinted at the possibility of additional BTC purchases, continuing his long-term investment stance.
According to CoinMarketCap, a global virtual asset market tracking site, as of 8 AM on the 14th, Bitcoin recorded $83,270.33, down 2.41% from the previous day. The altcoin leader Ethereum (ETH) dropped 3.93% to $1,584.72, and XRP fell 3.02% to $2.091.
Related Articles
- Bitcoin retreats to the $70,000 range a day after rebounding... Spot ETF outflow continues [Decenter Market Conditions]
- Virtual assets 'surge' with tariff extension... Bitcoin at $83,000 level [Decenter Market Conditions]
- Virtual assets decline due to US-China tariff conflict... Bitcoin retreats to $76,000 range [Decenter Market Conditions]
- Bitcoin 'crash' calms... On the verge of recovering $80,000 [Decenter Market Conditions]
The domestic market showed a similar trend. Based on Bithumb, BTC traded at 121,001,000 won, down 0.96% from the previous day. ETH fluctuated around 2,303,000 won, and XRP fell 2.76% to 3,035 won.
Market volatility is interpreted as stemming from President Trump's tariff policy confusion. On the 13th (local time), Trump posted on his social media 'Truth Social' that "what was announced last Friday (11th) is not a tariff exemption" and "the items are still subject to the existing 20% fentanyl tariff, just moved to a different tariff category." Previously, Trump had announced an executive order excluding about 20 electronic products from reciprocal tariff items.
Meanwhile, Strategy, considered to hold the most BTC worldwide, once again hinted at its 'buy the dip' intention. Cointelegraph reported that "Saylor suggested the possibility of resuming BTC purchases amid macroeconomic turmoil." Strategy added 22,048 BTC on the 31st of last month, now holding a total of 528,185 BTC. According to the BTC tracking platform Saylortrackers, the unrealized profit of this position is about $8.6 billion (12.2704 trillion won).
Market sentiment remains subdued. According to the virtual asset data platform Alternative.me, the 'Crypto Fear & Greed Index' rose 2 points to 45 points, still at the 'fear' level. The index is interpreted as fear-dominant when close to 0, and greed-dominant when close to 100.
- Reporter Do Ye-ri
- yeri.do@sedaily.com
< Copyright ⓒ Decenter, reproduction and redistribution prohibited >
