Bitcoin and altcoins such as Pepe, Bonk, and Shiba Inu experienced a pullback over the weekend as last week's momentum faded, and traders took profits.
Last week saw Bitcoin and altcoins such as Pepe, Bonk, and Shiba Inu post impressive gains as traders reacted to a new development. These gains, however, stalled over the weekend as the markets pulled back.
This article will examine the top three factors that will influence Bitcoin and altcoins such as Pepe, Bonk, and Shiba Inu this week.
Donald Trump Begins Trade War
One of the top reasons why Bitcoin and top altcoins plunged over the weekend was that Donald Trump “restarted” his trade war on Friday. In a Truth post, he noted that the U.S. would impose a 50% tariff on European goods. This move would affect a trade relationship that does over $1.6 trillion in annual trade.
“We're getting STUPIDLY high tariffs on products sold by the U.S. in Europe, and they continue to close their markets to us,” Trump stated.
"I will impose a 50% tariff on European goods sold in the U.S.,' Trump added. 'They sell enormous quantities of products in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to unser tarred in the U.S. to
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