#白宫首届加密货币峰会 believes that the ups and downs in the cryptocurrency market last night kept everyone from sleeping well. Let's analyze the reasons for the rise.
The measures taken by U.S. President Trump to impose a 25% tariff on major trading partners Mexico and Canada officially took effect at midnight on the 4th Eastern Time, leading to a broad decline in the cryptocurrency market yesterday, with U.S. stocks also falling sharply after the market opened on the 4th.
However, the situation has taken a turn. U.S. Commerce Secretary Ross revealed this morning that Trump may announce a buffer for tariffs on goods from Mexico and Canada as early as the 5th. In an interview with Fox Business, he stated:
"Mexico and Canada have been on the phone with me all day, making it clear that they will do better, and President Trump is listening..."
So I believe he will find some way to work with them. It won't be a pause, but I think he will come up with a solution: if you (Mexico and Canada) do more, I will find a compromise with you, and we are likely to announce it tomorrow.
From the information revealed by Ross, it can be inferred that although the tariffs won't be completely canceled, Trump may soon reduce the high 25% tariffs on Mexico and Canada.
Bitcoin rebounded and briefly broke $88,000.
In the Bitcoin market, the decline after the U.S. stock market opened yesterday caused BTC to drop to a low of $81,500 late at night. However, as the decline in U.S. stocks narrowed, Bitcoin started to rebound, breaking through $88,000 this morning.
Currently reported at $87,058, up 1.32% in the last 24 hours.
#特朗普国会演讲