Trump imposes 25% tariffs on steel and aluminum, cryptocurrency market fluctuates
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U.S. President Trump announced a 25% tariff on all steel and aluminum imports, triggering turbulence in global markets.
This move caused volatility in Asian stock markets, a stronger dollar, and investors sought safe-haven assets.
Gold prices hit a historic high, reaching $2,892 per ounce. citeturn0news11
Meanwhile, the cryptocurrency market was also not spared.
Bitcoin's price briefly fell to $94,715.39 but then recovered somewhat.
Ethereum's price also experienced fluctuations, with market sentiment remaining tense.
Analysts point out that Trump's tariff policy could have far-reaching effects on the global economy, especially against the backdrop of escalating trade tensions.
Investors need to closely monitor subsequent developments to assess the potential impact on the market.
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