Penurunan Kepemilikan Bitcoin Korporat: Apakah Tarif Trump Mematahkan Pasar Bull?
Corporate Bitcoin Holdings Plunge – Did Trump’s Tariffs Just Break the Bull Market? https://cryptonews.com/news/corporate-bitcoin-holdings-plunge-did-trumps-tariffs-just-break-the-bull-market/

Corporate Bitcoin Holdings Plunge – Did Trump's Tariffs Just Break the Bull Market?

The value of Bitcoin held by corporations worldwide declined by nearly $4.5 billion in the first week of April, from approximately $59 billion to $54.5 billion, according to BitcoinTreasuries.net. The downturn coincided with renewed U.S.-China trade tensions following former President Trump's announcement of 50% tariffs on a wide range of Chinese imports.

Bitcoin, the world's largest cryptocurrency, has been struggling to maintain its momentum in recent days. The price of Bitcoin fell to a four-month low of $74,500 amid global market turmoil, raising concerns of potential declines to $69,000 or $50,000 if support levels break.

Publicly listed firms, which account for most of the blockchain-based corporate treasuries, saw stock valuations drop in step with Bitcoin's recent slide, highlighting the growing correlation between crypto assets and traditional equities. The Bitwise Bitcoin Standard Corporations ETF (OWNB), tracking companies with significant BTC exposure, dropped more than 13% after the tariff announcement. Similarly, shares of Strategy (formerly MicroStrategy) - one of the largest BTC-holding corporations - fell over 13%, according to Google Finance.

Analysts See Possible Recovery Path Despite Short-Term Weakness

Despite the short-term weakness, some analysts remain optimistic, drawing parallels to 2015 when Bitcoin initially declined after China devalued the yuan only to rebound strongly later that year. With the USD/CNY exchange rate approaching technical resistance and China issuing retaliatory tariffs up to 34%, Bitcoin may again serve as a hedge against fiat currency risk.

Tariffs Shock Brings Broader Economic Uncertainty

The broader implications of the tariff conflict have also shaken investor confidence. Trump's protectionist measures, including a 25% tariff on pharmaceutical and semiconductor imports, have raised concerns of a global trade war. In response, China has introduced retaliatory tariffs as high as 34% on US goods.

In such an environment, Bitcoin may offer some companies an alternative hedge. According to a report by Fidelity Digital Assets, BTC can act as a buffer against currency debasement, geopolitical risk, and rising fiscal deficits - factors all playing out simultaneously.

Technical Outlook: Bitcoin Pressured Below Key Levels

Bitcoin is trading around $78,300 after a sharp rejection from the $80,300 resistance zone. The price remains capped below the 50 EMA near $81,600, reinforcing the bearish tone.