The tariffs imposed by Donald Trump have created uncertainty in global markets, affecting cryptocurrencies. The announcement of these tariffs, particularly on products imported from China and the European Union, caused an immediate drop in cryptocurrencies like Bitcoin and Ethereum, fueling fears of inflation and economic slowdown.
The increased volatility in the markets has pushed investors to turn to less risky assets, leading to a decline in the values of meme coins and altcoins. However, this decline could be temporary. If economic uncertainty persists, cryptocurrencies could become a store of value, thus offering a long-term rebound opportunity.
Conclusion: Although cryptocurrencies have dropped in the short term following the announcement of tariffs, inflation and protectionist policies could provide long-term recovery potential for these digital assets.
