Is the cryptocurrency market crashing, has a black swan appeared?
The conflict between Trump and elite universities escalates, cancelling Harvard University's qualification to recruit international students.
Trump suggests imposing a 50% tariff on the EU starting June 1.
Trump stated on social media that the main purpose of the EU's establishment is to take advantage of the U.S. in trade, but the EU is difficult to deal with. Their strong trade barriers, value-added tax, ridiculous corporate penalties, non-monetary trade barriers, currency manipulation, and unfair and unreasonable lawsuits against U.S. companies have resulted in an annual trade deficit exceeding $2,500,000,000, which is completely unacceptable.
There has been no progress in our discussions with them. Therefore, I propose to impose a 50% tariff on the EU starting June 1, 2025. No tariffs will be applied if products are made or produced in the U.S.
Bitcoin and Ethereum dropped sharply, everyone was waiting for Ethereum to break new highs, but at this moment, it crashed,
The entire cryptocurrency market is like a cash machine for the Trump family, and the market sentiment relies entirely on a single statement from Trump.
In such extreme market conditions, the best action is often to take no action—sitting quietly and observing the market sentiment's outpouring is more philosophically wise than any sophisticated trade.
