Why might the reduction of customs tariffs affect cryptocurrencies?
Increased liquidity: Reducing customs tariffs can lead to increased liquidity in global markets, which may drive investors to seek alternative assets such as cryptocurrencies.
Improved sentiment: Easing trade tensions may improve investor sentiment, increasing their appetite for risk and investment in digital assets.
Boosting e-commerce: Reducing customs tariffs may facilitate cross-border e-commerce, increasing the use of cryptocurrencies in international transactions.
Which cryptocurrencies might benefit?
Bitcoin #BTC : As the leading cryptocurrency, Bitcoin may benefit from increased liquidity and improved sentiment.
Other cryptocurrencies like #ETH : Other cryptocurrencies focused on cross-border payments and e-commerce may benefit from the reduction of customs tariffs.
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