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Trump's tariffs announcement has been set! Will the cryptocurrency market survive?
The White House has confirmed that Trump will unveil his global tariff policy in the Rose Garden at 4 AM Beijing time on Thursday - meaning the big moment is just hours away.
Despite the negative sentiment in recent months, the cryptocurrency market has not seen a significant decline ahead of this event. It appears that bears have exhausted their selling pressure over the past two months, as many are now taking profits. This shift could provide buying pressure instead of further declines.
When the tariffs go into effect, the cryptocurrency market is expected to stabilize and gradually recover. However, this is likely to happen over weeks rather than days, so an immediate surge should not be anticipated.
Nonetheless, tonight's announcement remains a key turning point. If Trump announces significantly high tariffs, any expectations for a market recovery could diminish. On the other hand, if the numbers come in lower than feared, the market may react positively and achieve a rally.
All eyes are on 4 AM tonight - it could determine the next major direction for cryptocurrencies. Let's hope Trump keeps things reasonable.
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