Why Is the Crypto Market Crashing Severely?

The recent crypto market crash has left investors concerned, with billions of dollars wiped out in just 24 hours. Two major factors are driving this downturn:

1️⃣ US Tariffs on Imports 📉
The United States has imposed a 25% tariff on imports from Mexico, Canada, and China, potentially igniting a trade war. As a result, investors are pulling funds from crypto and stock markets, opting for safer assets like bonds.

2️⃣ Kraken Delisting Key Stablecoins 🚨
Kraken has announced plans to delist several stablecoins—including USDT (Tether), PYUSD (PayPal USD), EURT (Euro Tether), TRUEUSD (TUSD), and Terra Classic USD—on March 31, 2019. This move is adding further uncertainty and selling pressure to the market.

With these two negative developments, investors are shifting towards more secure investments. Do you think the US will address trade concerns with Mexico, Canada, and China? 🤔💭

#CryptoCrash #MarketUpdate #Investing