📉 Trump Tariffs Trigger Crypto Market Pullback
The crypto market reacted sharply to former President Trump’s announcement of new reciprocal tariffs, including up to 35% on select imports. These aggressive trade policies spooked global markets, leading to a swift decline in major cryptocurrencies.
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🪙 Key Impacts on Crypto:
• Bitcoin (BTC): Fell around 6%, slipping below the $115K mark as traders rushed to de-risk.
• Ethereum (ETH): Dropped over 5%, with high liquidations across major exchanges.
• Altcoins (XRP, SOL, DOGE): Experienced even steeper drops, some over 8%, as market sentiment turned risk-off.
• Over $700M in leveraged positions were liquidated in less than 24 hours.
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📊 What’s Behind the Pullback?
• Macroeconomic Jitters: The tariffs reignited fears of a global trade war, prompting a broad market correction.
• Investor Risk-Off Mode: Institutions and retail traders alike shifted out of speculative assets.
• Leverage Cascade: Excessive margin trading led to forced sell-offs, accelerating the crash.
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🔮 What to Expect Next:
• Short-Term Caution: More volatility expected as markets digest the policy impact.
• Mid-Term Recovery Possible: If macro tensions cool and support levels hold, the market could rebound.
• Bitcoin Still Bullish Long-Term: Analysts see this as a temporary correction, not a full reversal.
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📌 TL;DR
Trump’s tough tariff stance triggered fear across markets — crypto included. While prices dipped fast, some analysts believe this is just a shakeout in a broader bull cycle.
