Bitcoin falls ahead of Trump tariff announcement

Trump to Announce Reciprocal Tariffs at 5 AM Korean Time on the 3rd
Cryptocurrencies Decline Hours Before Trump's Announcement
BTC Slightly Drops... Major Altcoins Record 2% Decline
Experts Maintain Optimism Despite BTC Drop... "Will Rebound"

Bitcoin (BTC) slightly declined on the 2nd ahead of President Trump's reciprocal tariff announcement.

This is due to the fear of global inflation that could occur if the US imposes tariffs over 20% on major trading partners, as predicted by President Trump.

President Trump is scheduled to directly announce reciprocal tariffs at 4 PM (5 AM Korean time on the 3rd) in the Rose Garden at the White House.

The fear in the asset market also filled the cryptocurrency market with caution. Bitcoin hovered around $84,000, while altcoins declined. Altcoins within the top 10 market cap, such as XRP, BNB, and SOL, dropped by about 2%.

◇Bitcoin = The Bitcoin price on Upbit at 4 PM on the 2nd was 124,790,000 won. Bitcoin's dominance was 62.69%.

According to on-chain analysis platform Sigbit, the long and short betting ratio in the Bitcoin futures market was 54.94% and 45.06%, respectively.

Despite Bitcoin's decline, experts' outlook on Bitcoin remained positive.

Omid Malekan, an adjunct professor at Columbia Business School, expected that while gold prices have risen due to risk asset avoidance until recently, Bitcoin may soon regain its position as digital gold.

Zac Panther, CEO of Grayscale Research, suggested that the tariff shock has already been reflected in the coin market prices, and the worst situation has passed. He anticipated that the coin market would continue its upward trend by focusing on positive economic fundamentals after the tariff announcement.

◇Rising Coins = At 4 PM on Upbit, EOS recorded the largest increase, rising by 13% compared to the previous trading day.

EOS is an open-source protocol supporting smart contract writing and DApp development.

It is a project aimed at solving Ethereum's slow processing speed and high fee issues, processing thousands of transactions per second without user fees. EOS Coin (EOS) is the native Token of the EOS network.

◇Fear and Greed Index = The digital asset Fear-Greed Index provided by Alternative is at 44 points, entering the 'Neutral' stage. The neutral stage is a section where market participants' psychological resistance and support appear, indicating important decision-making for future price movements.

The Relative Strength Index (RSI) for cryptocurrencies provided by Sigbit was recorded at 51.3, in a 'neutral' state. RSI determines the relative strength between upward and downward pressure of a specific asset price and indicates the overbought and oversold scale of a specific asset.

Reporter Seung-won Kwon ksw@blockstreet.co.kr