📉 #TrumpTariffs :
How do they affect the crypto world?
President Trump has announced a 50% tariff on imports from the European Union, effective June 1. Additionally, he has threatened a 25% tariff on iPhones manufactured outside the U.S.
💥 Immediate impact on the markets:
*Bitcoin (BTC) fell below $108,000, marking a significant decrease from its recent all-time highs.
*Ethereum (ETH) and other altcoins also recorded losses, reflecting the sensitivity of the crypto market to geopolitical tensions.
🔍 Why does it matter for cryptocurrency enthusiasts?
*Increased volatility: Aggressive trade policies create uncertainty, affecting both traditional markets and crypto.
*Store of value: In times of economic tensions, some investors consider cryptocurrencies as an alternative to fiat currencies.
💬 Do you think these measures will strengthen the adoption of cryptocurrencies or increase market volatility?
