NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: ‘Crypto Week’ Takes A Hit: US House Fails To Advance Key Acts
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: ‘Crypto Week’ Takes A Hit: US House Fails To Advance Key Acts

Bitcoin Price Rallies On Latest Trump Volley, Analysts Expect Further Upside

Nick Chong
Nick Chong
1 year ago
3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Donald Trump is upping the pressure on China, and analysts say this is bullish for Bitcoin.

For those who missed the memo, on Friday morning, the American President unleashed his latest volley at China (and the Federal Reserve) in a series of tweets. “For many years China has been taking advantage of the United States”, Trump wrote, adding that China has cost America “HUNDREDS OF BILLIONS OF DOLLARS” each and every year.

For many years China (and many other countries) has been taking advantage of the United States on Trade, Intellectual Property Theft, and much more. Our Country has been losing HUNDREDS OF BILLIONS OF DOLLARS a year to China, with no end in sight….

— Donald J. Trump (@realDonaldTrump) August 23, 2019

To achieve “balance” in the trade equation, Trump went on to assert that the “remaining 300 BILLION DOLLARS” of good and products sourced from China will be taxed at a tariff rate of 15%, not the previously-imposed 10%.

At the same time, he also asserted that the Federal Reserve, whose leaders are currently convening in Jackson Hole with the world’s central bankers, should cut rates. Hard.

Related Reading: Bitcoin Price Could Test Bottom of Weekly Range, MACD Turning Bear

Of course, the market reacted. Immediately. Stocks tanked, the Chinese Yuan lost relative value against the U.S. Dollar, and safe havens surged — Bitcoin included. As pro-cryptocurrency economist Alex Krüger noted on Twitter, “today was the first time BTC reacted sharply in *real-time* to a Trade War breaking headline or USD/CNY [daily] fix.”

Today was the first time $BTC reacted sharply in *real-time* to a Trade War breaking headline or $USDCNY fix. pic.twitter.com/Usibh3bSD5

— Alex Krüger (@krugermacro) August 23, 2019

Bitcoin Could Continue to Surge Off Tariffs

Indeed, Bitcoin has seemingly benefited from Trump’s latest move against China. As of the time of writing this, the cryptocurrency is trading up 3% today at $10,400. Altcoins have posted similar gains.

This correlation between the publishing of Trump’s tweets and the rally in the price of both gold and Bitcoin seem to have convinced analysts yet again that Bitcoin is a safe haven play, which has been a contested narrative over recent weeks.

Analyst Luke Martin recently suggested that with the Chinese Yuan looking to become even weaker, Bitcoin “looks like it wants to catch up.” This is implying that should the Chinese Yuan continue to shed value, Bitcoin could rally, potentially to fresh year-to-date highs beyond $14,000.

With trade war narrative revival in full effect, quick look at how $BTC looks vs the $USDCNH action. The two were moving in lockstep until the breakdown Aug 14th.

On the news this morning $USDCNH is VERY close to breaking highs.

Looks like $BTC wants to catch up. pic.twitter.com/d4e3APgbsb

— Luke Martin (@VentureCoinist) August 23, 2019

Even if Bitcoin doesn’t catch up right now, these tariffs should drive demand for Bitcoin in the long run. That’s what “Hans HODL” of crypto fund Ikigai recently proposed anyway.

Related Reading: Is Bitcoin Not a Safe Haven? Crypto Crashes in Tandem With Dow

The senior quantitative analyst at Ikigai issued a six-part thread, outlining why “these Chinese tariffs” — evidently referring to Trump’s latest move — are “GOOD news for Bitcoin”. HODL, which is the analyst’s online pseudonym, suggests that to counteract the negative effect of these tariffs, China must devalue its currency.

To do this, the Chinese will likely need to inject money into the economy, which is an act of inflation as defined by Austrian economists. HODL writes that “this inflation pushes up the price of ALL assets, but especially those that are scarce, such as commodities, like Gold and Bitcoin.”

https://twitter.com/hansthered/status/1165044044365352961

That’s not all. HODL goes on to draw attention to “a projected Trillion dollar deficit” for the U.S. balance sheet, which he claims means that the “global financial system is finding itself between a rock and a hard place.” All this, he argues, will be a catalyst for the Federal Reserve and other central banks to print money, thus aiding the growth of assets, especially Bitcoin and gold.

Featured Image from Shutterstock
Tweet123Share196ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Google AI預測2025年山寨幣千倍幣:XRP、Pi幣與Snorter強勢爆發

在2025年夏季,比特幣成功突破12.2萬美元歷史高點之後,加密貨幣市場再次迎來熱潮,而山寨幣則成為這波資金輪動中的關鍵焦點。Google人工智慧平台Gemini近日發佈的最新預測報告中指出,多種特定...

Mark Mak 3 hours ago

TOKEN6900已募資突破53萬美元 達成硬頂10%

當你把毫無計畫、類似邪教的追隨者,以及加密貨幣混在一起會發生什麼? 令人滿意的是,僅用了兩周,你就能看到超過 53萬美元 的融資成果。 但如果你以為 TOKEN6900(T6900) 的崛起歸功於某個...

estherw 3 hours ago
Bitcoin

If You’re Wealthy, 1 Bitcoin Should Already Be In Your Wallet, Expert Says

Bitcoin climbed past $122,000 this week, marking its fourth straight month of gains. It even touched $123,000 Monday before dipping...

Christian Encila 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin price whale news

Bitcoin OG Whale Moves 40,000 BTC To Galaxy, Triggering Market Shock

Jake Simmons 56 minutes ago
Bitcoin Price Attempts a Comeback

Bitcoin Price Dips — Is This the Calm Before the Surge or the Storm?

Aayush Jindal 1 hour ago
On-Chain Data Shows Key Bitcoin Support & Resistance Levels—Here’s What To Expect

On-Chain Data Shows Key Bitcoin Support & Resistance Levels—Here’s What To Expect

Samuel Edyme 1 hour ago

Premium Sponsors

Press Releases

  • e 3 coiny poniżej 1 dolara mogą zamienić 200 dolarów w...

    7 hours ago
  • ミームコインの価格急騰が続く中、注目の仮想通貨プレセールが50万ドルを突破し、次の100倍コインになる可能性がある。

    ...

    13 hours ago
  • 仮想通貨おすすめ|ビットコイン強気派の一休み中に買うべき銘柄

    ...

    13 hours ago
  • 2025年注目の新しい仮想通貨|Solana発 次世代ミームコインが投資家の期待を集める

    2025年注目の新しい仮想通貨|Solana発...

    14 hours ago
  • 2025年7月第2週にクジラが購入した注目のアルトコイン

    ...

    14 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.