THELOGICALINDIAN - When the arguable baton of the chargeless apple United States President Donald Trump tweets bodies tend to pay absorption But could there be some alternation to contempo Trump tweets ancillary with Bitcoin amount drops
And could one of Trump’s tweets be amenable for Bitcoin’s contempo downtrend? Or does what appears to be absolute abstracts bulk to annihilation added than authentic coincidence?
Trump Iran Tweets Cause Crypto to Crash
Bitcoin amount has been an advancing rally, anytime back account bankrupt that the United States launched a bombinate airstrike, killing Iranian General Qasem Soleimani.
The arch crypto asset by bazaar cap pumping in the face of all-around agitation alongside gold has active the safe-haven asset narrative, added fueling the bullish momentum.
Related Reading | Okay Boomer: Millennials Prefer Bitcoin To Gold During Crisis
The pump began on January 2 afterwards account broadcast the web, but canicule afterwards Bitcoin accomplished a pullback anon afterwards Trump tweeted that the US would retaliate if provoked.
I would've agreed with you afore Friday and argued the aforementioned Bob, but this time it aloof confused about absolutely in concert with gold and oil. Previous geopolitical contest moves either led or lagged by a lot added pic.twitter.com/oPyVn8c2Nh
— Nick Hotz (@thisiswhyimhotz) January 8, 2020
Interestingly, the account of antecedent battle acquired a rally, yet Trump’s accretion acquired a dip. The assemblage afresh continued, until Trump tweeted yet again. 
This time, Trump’s cheep was an attack to conciliate tensions, which promptly acquired Bitcoin to top out and activate to abatement aback against attrition angry support.
Bitcoin Downtrend Began With a Twitter Tirade From US President
This isn’t the aboriginal time a cheep from United States President Donald Trump acquired a above Bitcoin breakdown.
Back in aboriginal July, Bitcoin was in the bosom of authoritative addition attack against retesting the $14,000 aerial for the year, Trump fabricated a alternation of tweets about Facebook Libra, Bitcoin, and crypto in general.
In his tweets, he batten of his abhorrence against the arising asset chic and how it is acclimated for adulterous bent activity.
It additionally answer US regulators to booty a afterpiece attending at the bazaar and administer added acrimonious barriers. In the canicule afterward the tweet, about every US annex of government aback had a new crypto agenda, including the IRS and the US Treasury Department.
Since then, Facebook’s Libra has been heavily demonized and may never see the ablaze of day. Elsewhere about the crypto market, it’s been annihilation but confusion since.
Related Reading | Bitcoin Fractal Hints At Six More Months of Downtrend, Worst To Yet Come
Bitcoin has been in a declivity anytime back that acute day. At the time, the crypto association was animated that their abracadabra internet money was actuality discussed by the baton of the chargeless world, but had they accepted that moment would accept apparent the alpha of addition buck market, they may not accept been so enthusiastic.
So abutting time you see Trump tweet, it ability be time to accessible a abbreviate or at atomic be accessible to buy the dip.
