According to Followin, On September 22, Trump proposed a $100,000 fee for H-1B visa applications, directly threatening India’s $280B IT outsourcing industry and sparking diplomatic and legal tensions. In the short term, this raises corporate costs, heightens trade frictions, and increases volatility in tech stocks and the U.S. dollar. Risk appetite may weaken, with capital flowing toward safe-haven or more liquid assets.
Bitcoin (BTC) pulled back from $117K to around $114K. Resistance sits at $119K–$120K, while buy support emerges at $113K. A breakdown below $111K could open a move toward $108K.Bitunix Analyst’s View:
The policy carries high political risk and will likely drive short-term market sentiment, while actual structural changes will take time. Investors should monitor U.S.-India negotiations, corporate reactions, and court rulings. If tensions persist, flows may shift to the dollar and Treasuries, pressuring risk assets.
BTC Resistance: $119K, $120.5K; Support: $113K; if breached: $111K → $108K.
