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Hodlers on edge: Trump’s tariffs shake Bitcoin, but some are buying the dip

Coin Telegraph LogoCoin Telegraph13h ago

Hodlers on edge: Trump’s tariffs shake Bitcoin, but some are buying the dip - Coin Telegraph

Quick Summary:

Despite short-term uncertainty, Kozyakov remains bullish on Bitcoin’s long-term outlook as “the new digital gold.”“Traders are cautiously waiting on the sidelines for opportunities to re-enter the market and weighing if there may be evidence of overselling.”Kozyakov is far from being alone in seeing a promising future for Bitcoin as “new digital gold.” ARK Invest founder Cathie Wood is also bullish on Bitcoin vs.gold, claiming in February that the “substitution” of gold for Bitcoin has already happened.

However, with Bitcoin (BTC) hodlers now under pressure, some community members, including BitMEX co-founder Arthur Hayes, are not missing a chance to buy BTC at a discount.“Been nibbling on BTC all day, and shall continue,” Hayes wrote on X on April 7 as the Bitcoin price hovered around $75,000.

Traders are “powerless to second-guess Trump’s next move”While Hayes is stacking sats during the tariff-fueled market bloodbath, his investment firm, Maelstrom, reportedly sold BTC in December 2024, when Bitcoin traded near its all-time high of about $100,000.

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Article Details

Author / Journalist: Cointelegraph by Helen Partz

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-07 @ 16:18:21 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 550 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 27663202

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About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 65 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 7 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

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