TRUMP’S TARIFF SHOCKWAVE HITS CRYPTO 🌍📉
Trump’s new tariffs rattled the crypto market, causing an 8% drop in total market cap, wiping out $2.23B in liquidations. Bitcoin plunged to $91,281, while Ethereum hit $2,143. Although tariffs on Mexico and Canada were postponed for 30 days, China wasn’t as lucky—10% levies are already in place.
Despite short-term volatility, experts see potential. Tariffs may fuel Bitcoin’s rise as a hedge against inflation and economic uncertainty. However, higher costs for mining equipment due to Chinese import taxes could hurt US miners unless domestic production ramps up.
