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It seems like you're asking about Trump's tariffs and their impact on cryptocurrency. Trump's tariffs have significantly affected the crypto market, causing a 4.5% decline in total market capitalization.
Here's what's happening
Trump imposed tariffs on 14 countries, ranging from 25% to 40%, effective August 1. This move has sparked concerns about trade retaliation, currency shifts, and crypto's role as a hedge.
Crypto Market Reaction.
Major cryptocurrencies like Bitcoin and Ethereum saw losses, with Bitcoin dropping 1.56% to $107,688 and Ethereum plunging 1.89% to $2,535. Dogecoin suffered the biggest loss at 4.78%.
Potential Impact*: The tariffs may lead to increased volatility, potentially driving more adoption of crypto currencies as a decentralized, borderless alternative. Crypto-related stocks and Bitcoin miner stocks have also seen notable losses.
Some experts believe that Trump's tariffs could weaken the US dollar, making Bitcoin more attractive as a store of value. However, others warn that short-term market volatility could impact Bitcoin's stability
Would you like more information on cryptocurrency market trends or #TrumpTariffs policies?
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