Tarrifimpact

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Bitcoin Falls Below $80K as U.S.-China Tariff Tensions Spike; Nasdaq Drops 5%

Bitcoin and tech stocks plunged Thursday following a sharp escalation in U.S.-China trade tensions. A White House clarification raised the effective tariff rate on Chinese goods to 145%, sparking market jitters. The Nasdaq fell 5.5%, erasing much of Wednesday’s gains, while Bitcoin dropped 4% to $79,000 after rallying 8% a day earlier.

Crypto stocks also suffered: MicroStrategy fell 11.2%, Coinbase 8.1%, and Marathon Digital 9.3%. Meanwhile, gold surged 3% to a record $3,168 as investors sought safe havens. The U.S. dollar weakened, with the DXY index falling below 101, down 9% from January highs.

Analysts warn that the volatile geopolitical climate and shifting trade policies could complicate the Federal Reserve’s inflation strategy and shake market confidence further.

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🚨 BREAKING: 956 Economists Declare Trump’s Tariffs a "Recipe for Recession" – Here’s Why It Matters**

**The U.S. is playing with economic fire.**

A bombshell **"Anti-Tariff Declaration"**—signed by **two Nobel Prize-winning economists** and 954 experts—has slammed current trade policies as **"self-destructive"** and **"a threat to global stability."** Their warning? **Continued tariffs could trigger a recession by 2026.**

### **Key Takeaways:**
✅ **Consumer Pain**: Tariffs = **higher prices** on everyday goods (electronics, cars, groceries).

✅ **Market Risk**: Trade wars could **spook investors**, sparking volatility in stocks and crypto.

✅ **Global Domino Effect**: Retaliatory tariffs may **crush U.S. exports**, especially agriculture.

**Quote from the Declaration:**
*"History shows tariffs backfire. The 1930 Smoot-Hawley Act worsened the Great Depression—we’re repeating the same mistakes."*

**What’s Next?**
- Watch for **Congressional backlash** as pressure mounts.

- **Crypto angle**: Bitcoin (often seen as a hedge) could benefit if tariffs fuel inflation fears.

**Poll: Should the U.S. reverse its tariff policy?**
⚡️ **YES** – Protect the economy
⚡️ **NO** – Stay tough on trade

#TRXETF #FederalReserveIndependence #Tarrifimpact #CryptoMarkets

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