In recent weeks, trade tariffs have become the hottest topic on social media surrounding crypto. This is evident from the data revealed by one of the leading crypto analytics platforms, Santiment, on social media X.
Based on one of its latest posts, Santiment observed that the latest data shows a significant surge in conversations about tariffs on platforms like Twitter and Reddit, especially after April.
The price of Bitcoin is currently at US$ 80,600, while Ethereum has dropped to US$ 1,594. This decline occurred after the crypto market crashed last weekend. However, good news is starting to emerge. Several countries now seem to be opening up for looser trade cooperation with the United States.
Taiwan, for example, has just approved the removal of tariffs on American products. Taiwan's President, Lai Ching-te, stated that tariff negotiations could begin on the basis of 'zero tariffs' between Taiwan and the United States, referring to the US-Canada-Mexico free trade agreement. Lai also emphasized that Taiwanese companies would increase their investments in America, particularly in the technology sector.
This country has joined a number of other Asian countries that are also moving in the same direction. In addition, the European Union has also expressed a desire to implement a 0 percent tariff reciprocally in the near future.
If this agreement really happens, the impact could be felt immediately in the market. Analysts predict that tariff reductions will trigger a massive surge in crypto and stock prices globally. Santiment even mentioned the potential for a 'bullish explosion' in the market if trade barriers between countries begin to disappear.
As is known, the announcement of tariffs by President of the United States, Donald Trump, triggered a sharp decline in global stock markets. The Dow Jones Industrial Average fell by more than 1,000 points, while the S&P 500 and Nasdaq also experienced significant declines. Stock markets in Europe and Asia also plummeted sharply.
Under these conditions, market players and the crypto community are now beginning to pay significant attention to developments in international negotiations. Many hope that changes in trade policy could trigger the next big rally in the crypto world.
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