President Trump's tariff increase policy has created significant volatility in the financial and cryptocurrency markets, however, the majority of Bitcoin investors are still profitable.
MAIN CONTENT
Trump insists on not postponing tariffs, causing the financial and cryptocurrency markets to tumble.
Over 91% of Bitcoin investors still maintain profits despite recent volatility.
Trump expresses hope for a special trade agreement with India, different from other countries.
What is Trump's tariff policy?
President Donald Trump firmly stated that he will not delay the tariff deadline on July 9, and may even end trade negotiations with many countries, including major economic partners like Japan.
Bloomberg TV quotes Trump: 'No, I’m not considering a delay.' This escalates trade tension, putting pressure on the global economy.
How did the market react to Trump's tariff announcement?
Immediately after Trump spoke on Air Force One, the U.S. stock index S&P 500 fell by 14 points due to increased investor concern. The cryptocurrency market also suffered significant losses, with Bitcoin down over 1.5%, Ethereum down about 4%.
Altcoins are hit harder, with Ripple (XRP) down more than 5%, Dogecoin down over 3.5%. However, slight signs of recovery have begun to appear in the market.
'The market will collapse, the economy will go down... Here comes the art of negotiation.'
Social media user X, 2024
What are Trump's expectations for trade with India?
Unlike the hardline stance with many countries, Trump expresses hope for a special trade agreement with India. He believes this will be 'a different kind of deal,' opening up opportunities for fairer competition.
'Maybe. It will be a different kind of deal.'
'Currently, India is not accepting anyone, but I believe they will change, and if so, the tariffs will also decrease.'
Donald Trump, President of the United States, 2024
This statement suggests that India could be an exception in the current trade tension chain.
Does Trump's tariff policy bring real benefits?
According to a video from CNBC in 2024, President Trump has brought in over $121 billion in benefits from the tariff policy, proving the initial effectiveness of this measure despite previous skepticism from experts.
'Trump was right about everything.'
Speaking on CNBC, 2024
Data from IntoTheBlock shows that over 91% of Bitcoin investors are currently profitable, while the number of people losing money is under 2%, indicating that the cryptocurrency community remains optimistic despite the fluctuations caused by trade tensions.
Index Before Tariff Announcement After Tariff Announcement S&P 500 Stable, slight increase Decreased by 14 points Bitcoin (BTC) Stable around high Decreased by 1.5% Ethereum (ETH) Slight increase Decreased by 4% Ripple (XRP) About $2.30 Decreased to $2.17 (decreased by 5.24%)
Frequently Asked Questions
How does Trump's tariff policy affect the cryptocurrency market? The policy caused the cryptocurrency market to decline sharply due to concerns about global economic instability, but the majority of Bitcoin investors still maintain profits. What percentage of Bitcoin investors are currently profitable? Over 91% of Bitcoin investors are currently profitable, according to IntoTheBlock's report in 2024. Will Trump change his policy towards India? The U.S. president expresses hope for a special trade agreement with India, which may lower tariffs compared to other countries. Does Trump's tariff policy really increase revenue for the U.S.? According to CNBC, this policy has helped the U.S. collect over $121 billion, countering previous skepticism. What should be done when the cryptocurrency market is affected by trade tensions? Experts advise viewing this as an opportunity to buy at a good price, maintaining confidence in the long-term outlook of Bitcoin and other cryptocurrencies.
Source: https://tintucbitcoin.com/bitcoin-lao-doc-vi-thue-moi-trump/
Thank you for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
