💥 WHY ARE BITCOIN AND CRYPTO PLUMMETING?
BITCOIN AND ALTERNATIVE COINS HAVE WIPED OUT ALMOST $200 BILLION IN JUST 24 HOURS. 📉
THE TWO MAIN REASONS BEHIND THIS CRASH ARE INFURIATING. 🚨
1) TARIFF WARS
THE U.S. IS SLAPPING TARIFFS ON MULTIPLE COUNTRIES, INCLUDING CANADA, MEXICO, AND CHINA. 🌎
AND THAT'S NOT ALL—IT'S PLANNING TO HIT THE EU AND BRICS NATIONS NEXT. ⚠️
THESE TARIFFS ARE DRIVING UP INFLATION AND BOOSTING THE DOLLAR. 💲
BOTH ARE TERRIBLE NEWS FOR RISK-ON ASSETS SINCE THE FED IS LIKELY TO CRACK DOWN HARDER ON THE ECONOMY TO TAME INFLATION. 📉
THAT'S WHY MARKET PLAYERS ARE DUMPING AS THEY FEAR THIS TARIFF WAR COULD GET EVEN UGLIER. 💼
2) MASSIVE LIQUIDATIONS
INJUST ONE DAY, NEARLY $1.8 BILLION WORTH OF LONG POSITIONS HAVE BEEN LIQUIDATED. 💎
RETAIL INVESTORS KEEP TRYING TO CATCH THE BOTTOM WITH HIGH LEVERAGE AND ARE GETTING COMPLETELY WIPED OUT. ⚠️
I'VE ALWAYS WARNED AGAINST USING LEVERAGE BECAUSE IT'S A SUREFIRE WAY TO GET DESTROYED. 📉
