Santiment posted on X that discussions about tariffs have reached a three-month high across various cryptocurrency forums, including X, Reddit, and Telegram. This surge in conversation follows U.S. President Donald Trump's recent decision to retract tariff threats against eight European countries, citing a framework agreement with NATO regarding Greenland.
The crypto markets experienced a brief uptick, often referred to as a 'buy the rumor' effect, before the gains began to diminish. Analysts suggest that U.S. markets might open with heightened optimism and increased institutional buying in both equity and cryptocurrency sectors.
Over the past year, the frequency of tariff discussions has been linked to market movements. Instances have been observed where prices rose immediately following tariff-related fear, uncertainty, and doubt (FUD) during market downturns, as well as instances where prices fell under similar conditions.
The recent spike in tariff discussions coincided with a decline in prices, highlighting the ongoing impact of geopolitical issues on market sentiment. Observers are advised to monitor the balance between greed and fear in relation to this topic.
Jixu
