#AppleCryptoUpdate The recent crypto market uptrend may get affected largely due to the imposition of tariffs

👇Key Factors Contributing to the Downturn:

🤑😈Trade War Fears: The escalating trade tensions between the US and China have led to a decline in investor confidence, causing a shift towards safer assets.

😇Inflation Concerns: The tariffs are expected to fuel inflation, which could lead to tighter monetary policies and higher interest rates, further dampening the crypto market.

Reduced Investment: The uncertainty surrounding the trade war has resulted in significant outflows from Bitcoin and Ethereum Exchange-Traded Funds (ETFs).

🥸Market Impact:

Bitcoin's Value: BTC's price plummeted to 77,000k, its lowest in five months, with over 300 million dollar in liquidations.

🤑🎶Altcoin Performance: SOL, XRP, and Dogecoin (DOGE) experienced significant losses, with SOL dropping 64 percent from its all-time high.

Global Market Sentiment: The tariffs have rattled global markets, with US stock futures plunging and the Japanese yen and Swiss franc seeing gains as safe-haven.