Analysis of Trump's Liberation Day speech on crypto market

Donald Trump has touted the April 2nd tariffs as America's liberation day. Anyone with half a brain understands this is anything but liberating the U.S. or the world.

You will notice in the chart I've anchored some blue text to key moments in Trumps speech and you can see the impact of each. Here's the breakdown.

1. Trump's speech started with a massive rise in the Bitcoin price.
2. The announcement of the 25% tariff on the auto-industry rallied the price upwards and I think it's largely due to everyone expecting this news.
3. Post that the price started to decline however and when he introduced the half reciprocal tariff the price nosedived downwards.
4. There was a small recovery until Trump mentioned all the investment coming back into the country. He spoke of the Apple, Nvidia and other companies committing billions to U.S. manufacturing but the market didn't respond well to this.
5. He also spoke about how his first term created the greatest U.S. economy in history - the market felt differently as it dropped.
6. When he finally got to the One Bill, as he is aptly dubbing the Senate funding bill, the market rose again - mostly due to his statement that there would be no cuts to Medicaid, Medicare or Social Security budgets as well as a claim that Americans are going to receive the greatest tax cut ever in history.

At the end of his speech Bitcoin was trading around $85,550 and at time of writing $BTC is trading at $84,630. Tomorrow will be a telling day as U.S. markets open. Trump's saving grace here was he made sure to announce this only once markets closed so as to minimise the impact of this announcement on stocks.