#TrumpTariffs Today President Trump announced the sending of letters to countries regarding the implementation of tariffs, threatening an additional 10% against those "aligned" with the BRICS, with the suspension of tariffs set to take effect on August 1 if agreements are not reached.
The EU is negotiating and there are some signs of hope to avoid the heaviest tariffs.
These protectionist policies have already generated volatility in global financial markets, including cryptocurrencies. Bitcoin and Ethereum have experienced significant declines, with Bitcoin losing its post-election Trump gains. Volatility is high and investors are seeking safe-haven assets like gold.
For the crypto market, forecasts are uncertain. If tariffs weaken the dollar, Bitcoin could emerge as an alternative for international transactions, acting as "digital gold."
However, cryptocurrencies remain high-risk assets, sensitive to macroeconomic changes and global policies, making caution essential for investors.
DYOR and ... follow me! đȘđđ