#CryptoTariffDrop China announced a 34% tariff on all impor | Crypto Sufi on Binance Square

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#CryptoTariffDrop China announced a 34% tariff on all imports from the United States, effective from April 10, according to the official Xinhua News Agency.
China’s decision comes in response to a similar 34% tariff imposed by the United States on Chinese goods, escalating the ongoing tariff war between the two nations. 

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#BTCRebound As it is firmly compressed between two important exponential moving averages, Bitcoin is currently experiencing a crucial technical moment that resembles a traditional price squeeze. Although bulls may just be in the lead, this tension in the charts is preparing for a possible volatility-driven breakout in either direction. Bitcoin is currently trading at about $84,000 just above the 100-day EMA and encountering resistance from the 200-day EMA at about $87,350. A resolution appears imminent as a result of the pressure created by this small trading range. A break above the 200 EMA would invalidate the long-standing death cross that has hampered Bitcoins midterm performance in addition to indicating bullish momentum. The chart’s slightly declining volume is frequently a sign of a coiling move, which is a prelude to explosive price action. When a clear move occurs, traders will have room to influence price action because the RSI is neutral at about 51.5, indicating that Bitcoin is neither overbought nor oversold. A short squeeze could force prices back toward the psychological $90,000 level and higher if Bitcoin is able to break above the 200 EMA. A move like that would turn around pessimistic sentiment and possibly usher in a new bullish market phase. However, if resistance is not overcome, there may be a rejection down toward the $82,000–$83,000 support zone where the 100 EMA currently provides a safety net. Below that, there is a chance that Bitcoin will lose steam and enter another period of consolidation or correction.

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#CryptoTariffDrop U.S. President Donald Trump has announced a significant increase in tariffs on Chinese goods, raising the rate to 125% with immediate effect. The announcement was made via a post on Truth Social, a social media platform. The President cited China’s lack of respect for global markets as the primary reason for this decision. In the same post, President Trump also mentioned the possibility of China realizing in the near future that its current trade practices with the U.S. and other nations are neither sustainable nor acceptable.

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$BTC As the Bitcoin (BTC) price trades in red amid the latest wave of market volatility, Strategy Chairman Michael Saylor took to X (formerly Twitter) with a single-word response that said it all: "HODL" Bitcoin’s price fell by more than 5% in 24 hours as continued macroeconomic headwinds pushed the broader crypto market into the red in the early Wednesday session. Despite the drop, Saylor maintains his bullish posture with characteristic stoicism. Under Saylor’s leadership, Strategy has become one of the largest corporate holders of Bitcoin. Over a week ago, Strategy announced the purchase of $1.9 billion in Bitcoin, making it the firm’s largest investment in terms of coins this year. As of March 30, Strategy held 528,185 BTC, acquired for almost $35.63 billion at about $67,458 per Bitcoin.

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#TrumpTariffs - U.S. President Donald Trump has announced a significant increase in tariffs on Chinese goods, raising the rate to 125% with immediate effect. The announcement was made via a post on Truth Social, a social media platform. The President cited China’s lack of respect for global markets as the primary reason for this decision. In the same post, President Trump also mentioned the possibility of China realizing in the near future that its current trade practices with the U.S. and other nations are neither sustainable nor acceptable. In addition to the tariff increase, the President also addressed the ongoing discussions regarding trade, trade barriers, tariffs, currency manipulation, and non-monetary tariffs. He noted that more than 75 countries have contacted U.S. representatives, including those from the Departments of Commerce, Treasury, and the U.S. Trade Representative (USTR), to negotiate a solution to these issues. In response to these discussions, and at his strong suggestion, these countries have not retaliated against the United States in any way. As a result, President Trump has authorized a 90-day pause and a substantial reduction in the reciprocal tariff to 10%, also effective immediately

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#CryptoTariffDrop China will impose 84% tariffs on U.S. goods from Thursday, up from the 34% previously announced, its finance ministry said on Wednesday, firing the latest salvo in a global trade war sparked by U.S. President Donald Trump. Trump’s "reciprocal" tariffs on dozens of countries took effect earlier on Wednesday, including massive 104% duties on Chinese goods. The European Union is also preparing its own retaliatory measures for later on Wednesday. Trump’s punishing tariffs have shaken a global trading order that has persisted for decades, raised fears of recession and wiped trillions of dollars off the market value of major firms. Trump nearly doubled duties on Chinese imports, which had been set at 54% last week, in response to previous counter-tariffs from Beijing. Earlier in the day, China called its trade surplus with the United States an inevitability and warned it had the "determination and means" to continue the fight if Trump kept hitting Chinese goods.

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