💰 Impact of New Tariffs on the Cryptocurrency Market

Trump's tariff policies have had a more direct and tangible effect on the crypto market:

Price Drop: Bitcoin experienced a significant drop, trading around $91,000, while Ethereum and other cryptocurrencies like XRP and Solana also suffered notable declines.

Mass Liquidations: Liquidations of over $2.2 billion were recorded in the cryptocurrency market, reflecting strong risk aversion among investors amid economic uncertainty.

Impact on Bitcoin Mining: Tariffs on imports from Asia, especially China, have increased the cost of mining equipment, affecting operations in the U.S., which relies heavily on hardware manufactured in that region.

Increase in Inflation and Interest Rates: Tariffs could raise the prices of imported goods, increasing inflation and pressuring the Federal Reserve to maintain or raise interest rates, which generally reduces investment in risk assets like cryptocurrencies...