Trump's Tariff Threats and Trudeau's Resignation: Implications for Crypto Markets

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Hey crypto trailblazer, 👋

The geopolitical landscape is making waves across the crypto market.

From Trump’s bold tariff threats and Trudeau’s resignation to Bitcoin’s early-year dip and its mid-cycle positioning, these events are influencing market sentiment in a big way.

Let's break it all down and explore how these developments could shape digital assets moving forward. 🚀

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🇺🇸 Trump's Tariff Threats and Canada's Economic Anxiety

President-elect Donald Trump has proposed a 25% tariff on Canadian imports, aiming to address trade imbalances and other concerns. This move poses a significant threat to Canada's economy, which heavily relies on exports to the U.S. Economists warn that such tariffs could lead to higher prices, discouraged growth, and financial market disruptions

🇨🇦 Trudeau's Resignation Amid Economic Pressures

Facing declining approval ratings and internal party dissent, Canadian Prime Minister Justin Trudeau has announced his resignation after nearly a decade in power.

His decision comes amid economic challenges, including rising living costs and the looming threat of U.S. tariffs. The Liberal Party is set to choose a new leader by March 9, 2025, as Canada braces for potential economic turbulence.

🌐 Bitcoin's Early January Dip: Analyzing the Factors

Bitcoin has recently experienced a pullback from its December highs, trading around $94,000. Several factors contribute to this decline:

• Strong U.S. Employment Data: The addition of 256,000 jobs in December surpassed expectations, reducing the likelihood of imminent Federal Reserve interest rate cuts. This scenario often leads investors to favor traditional assets over cryptocurrencies.

• Rising Treasury Yields: The 10-year Treasury yield has climbed to 4.793%, its highest since November 2023, increasing the appeal of bonds and diverting investment away from riskier assets like Bitcoin.

• Profit-Taking Behavior: Following Bitcoin's significant rise to over $108,000 in mid-December, some investors are securing profits, contributing to the recent price decline.

Despite these short-term challenges, the crypto market remains optimistic about potential regulatory clarity and favorable policies under the incoming Trump administration, which could positively influence Bitcoin's trajectory in the longer term.

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🌀 No Signs of a Cycle Top – The Best May Be Yet to Come

While the pullback has made headlines, we don't have the typical conditions of a Bitcoin cycle top yet:

• No extreme euphoria signals.

• No parabolic blow-off peak.

• Still mid-cycle based on the halving timeline

Combining Trump’s pro-crypto stance with Bitcoin's mid-cycle positioning, the best may still be ahead—2025 could be pivotal for the next market surge. 🚀

Stay epic,

Epic Crypto News Team

DISCLAIMER: This newsletter is for educational purposes only. Nothing here is financial advice. Do your own research before making any investment decisions. Crypto markets are volatile and risky. Only invest what you can afford to lose.