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Bitcoin remains strong, how to invest wisely under Trump's tariff "sickle".
In the early morning, Trump suddenly announced a high import tariff of up to 50% on global copper. As soon as this news broke, U.S. stock index futures dropped slightly in pre-market trading, and everyone was feeling the pressure. With copper prices being affected this way, the manufacturing and new energy industries may take a hit. However, Bitcoin remains as steady as ever, with a strong upward trend. Why is that? Because the crypto market has its own logic and does not completely follow the traditional stock market. Let's talk about the short-term trend of Bitcoin.
Currently, it seems that before the deadline on August 1st, the market has not reacted unexpectedly to Trump's "tariff scythe"; everyone has gotten used to it. In the short term, keep an eye on the support level of $110,700. After the US stock market opens tonight, if the US stocks decline slightly but Bitcoin can stabilize and rebound at this support level, the probability of the price continuing to break upward will increase.
From the technical perspective of last week, a new high has already emerged, and the momentum is quite strong. $112,000 may not be able to stop the bulls. Especially when traditional markets are volatile, Bitcoin, as a "digital gold", often becomes a safe-haven choice. But that said, investing in Bitcoin is not just about watching the trends; you need reliable tools to help manage your assets.
Especially now, with increasing uncertainty in the global economy, you might want to exchange Bitcoin for cash as an emergency measure, or use crypto assets to explore other investments. For example, although U.S. stocks are under pressure in the short term, some tech stocks still have opportunities in the long run. At this time, a good platform becomes particularly important.
I recently discovered the Biyapay multi-asset trading wallet, which is really quite practical and can help you solve many pain points. Imagine this scenario: you are an ordinary office worker, holding Bitcoin, seeing the market is strong, wanting to increase your position or cash out, but traditional bank transfers are slow, fees are high, and you also have to worry about exchange rate fluctuations.
Biyapay comes into play. It uses USDT as a bridge, allowing you to easily convert cryptocurrencies like Bitcoin into US dollars or other fiat currencies, supporting real-time exchanges of over 20 fiat currencies and more than 10 digital currencies. The transaction fees are so low that they are almost negligible, and cross-border transfers are fast and secure, unlike some platforms that drag their feet.
For example, you can invest in tokenized U.S. stocks directly with USDT, avoiding the tariff impacts of the traditional stock market, while holding Bitcoin and diversifying your risk into stocks— isn't this smart investing? The benefits of Biyapay go beyond this. It supports the exchange of over 200 cryptocurrencies, has zero fees for spot and contract trading, and is particularly friendly for beginners. You no longer need to open multiple accounts; one wallet handles both stock and crypto asset trading, simplifying the entire process.
Especially in the current market environment, Trump's tariff policies have hindered traditional trade, but the crypto world is relatively independent. With tools like Biyapay, you can respond to market changes more quickly and avoid missing opportunities. In terms of security, it has a strict encryption and risk control system that allows you to sleep soundly.
Of course, investing carries risks, and no one can predict market trends. But if you are optimistic about Bitcoin's strength, you might want to try platforms like Biyapay. It is not just a tool, but a bridge that helps connect the crypto world with the real world.