Market drops #crypto due to tariffs of $TRUMP
The recent announcement by President #TRUMP on the imposition of tariffs on imports from Mexico, Canada and #China , with the possibility of including the European Union, has caused a significant drop in global markets and in the cryptocurrency market. Bitcoin fell by 15%, reaching $92,500, while other #Criptomonedas such as Ethereum and $XRP also experienced drops of up to 20% and 18% respectively. The markets reacted negatively due to fears of a trade war and rising inflation. Despite the volatility, some analysts believe that #Bitcoin $BTC will resume its upward trend once the initial shock is absorbed and the markets stabilize.