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Famous Crypto Expert Labeled Trading War Results as Crucial for Bitcoin

  •  Denis Sinyavskiy
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    On his Twitter account, crypto analyst and trader Alex Krüger praised Donald Trump's latest statements and their impact on Bitcoin's price.


Famous Crypto Expert Labeled Trading War Results as Crucial for Bitcoin

On his Twitter account, the famous crypto analyst and trader Alex Krüger presented an interesting comparison of the key assets price reaction to events in the Trade War between the United States and China. The comparison was not without the Bitcoin chart.

Krüger notes that BTC, in contrast to RORO assets, is not inclined to respond to decisions on monetary policy. However, he noted that the BTC/USD pair was trading on later news, perhaps this is just a coincidence based on the subsequent price action.

Restless Trump

A day earlier, the analyst reacted to the US president tweets, which appeared after the speech of the Fed’s Chairman Jerome Powell. Krüger believes that Trump doesn’t want to make a deal with China, considering it unprofitable for votes. But he pressures the Fed for lower rates, in the worst scenario, the Fed will become the scapegoat.

In one of the tweets, Donald Trump directly called the Fed's Chairman and China's Chairman enemies, to which Alex Krüger also reacted.

Kruger’s thoughts on US president tweets
https://twitter.com

One of the last in the series was a tweet where the analyst notes that Bitcoin for the first time sharply reacted to events in the Trade War. He also backed up this idea with a graph.

With the intensity with which the Trade War erupts, we can expect other, no less interesting tweets from Alex Krüger in the near future

Cover image via u.today
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About the author

Starting with a simple interest in cryptocurrency, over the past two years, Denis has worked in a cryptocurrency fund and become an author with an analytical bias. His engineering degree helps with the analysis of the technical part of the cryptocurrency market. As a fan of cryptocurrency, Denis believes that the blockchain technology is the future.

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