๐จ TRUMP TARIFF SHOCKWAVES: Crypto Alert! ๐ฅ๐
๐ฅ President Trumpโs latest tariff blitz โ a sweeping โtake-it-or-leave-itโ policy slapping 10โ41% duties on imports from major nations like Canada, India, Taiwan, South Africa, plus an extra 35% on Canadian goods โ is shaking global markets hard.
๐ Crypto got caught up โ Bitcoin dropped ~3%, Ethereum slipped nearly 2.5%, XRP plunged ~6%, and altcoins sank across the board amid panic selling and forced liquidations.
๐ฌ Binance CEO Richard Tengโs take? While shortโterm volatility surges, the macro disruption may actually boost cryptoโs appeal as a non-sovereign store-of-value.
๐ Quick angle for traders:
Fed rate decisions & tariff timelines now dominate sentiment.
Look for further liquidations ahead of August 1 tariff deadlines.
Analysts warn: if no resolution arrives, crypto could stay locked in volatility for weeks.
๐ฎ Bottom line: Chaos short-term, opportunity long-termโfor savvy holders betting on crypto as a defensive position against inflation and policy shocks.
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