#MarketPullback

Trump's trade war has hit world stock markets and crypto markets hard. Trump's tweet stating that he would increase tariffs on imported goods from China, Canada and Mexico by 25% had a big impact and reaction from market players today.

This tariff increase certainly worsened Crypto market conditions after the elimination of $USDT in the European Crypto market. In fact, in the last 24 hours it was reported that $700 million had been liquidated from the Crypto market.

It was reported that Bitcoin ($BTC ) fell by 6% at the $93,000 level breaking through its strong support level at $102,000. Ethereum ($ETH ) then fell to the $2,300 level breaking through the $2,900 support level. Even XRP, which remained strong when the market was volatile a few days ago, was forced to give up to return to the $2 level breaking through the strong support of $2.9.

All market players must continue to wait and see how the US's main trade enemy, namely China, reacts to Trump's new policy. It is certain that there will be greater turmoil in the world investment market.