Why The crypto Market is Crashing Badly?

I am sure everyone is worrying about this recent crash. Billions of dollars wiped out from Crypto Market in 24 Hours.

There are 2 reasons of Cryptocurrency Market crash.

1. U.S imposed the 25% tax on the imports from Mexico and Canada and China. Goods from these countries will be subject to tariffs of 25% which can led to Trade war.

Investors are taking out their investment from crypto and Stock Market and thinking to invest other safe assets like bonds.

2. Kraken to Delist USDT Stable coin

Kraken cryptocurrency Exchange, is planning to remove tether usdt along with PayPal usd ( PYUSD) Euro tether ( EURT) TRUEUSD ( TUSD) and Terra classic USD ( UST) on 31st March.

These 2 Negative news trigger the selling pressure into the market and people are seeking for safe assets.

What do you think, will US Negotiate about this issue with Mexico, Canada and China?

#BitcoinVsTariffs #crypto #cryptocrash #USDT #altcoins @Binance Square Official $BTC