#vuelta $BTC Over $500 Million in Liquidations Following New Tariff Announcements
Yesterday, former President Donald Trump held a widely anticipated press conference, referring to the occasion as “Liberation Day.” During his remarks, he announced a 10% tariff on all countries and a 25% tariff on auto imports, stating:
🗣 “The tariffs will not be completely reciprocal, because we are very kind.”
This announcement initially had a positive impact on Bitcoin (BTC), briefly pushing its price above $88,500.
⚠️ However, the broader economic impact was less favorable. Trump introduced new tariffs on 25 countries, including:
• China: 34%
• Japan: 24%
• Taiwan: 32%
• India: 26%
• European Union: 20%
As a result, total U.S. tariffs on Chinese goods have now risen to 54%, despite China being one of the country’s primary trading partners.
🇨🇦 🇲🇽 Meanwhile, Canada and Mexico have been temporarily exempted from reciprocal U.S. tariffs.
🔽 In response to these developments, Bitcoin experienced a 7% decline, leading to over $500 million in liquidations overnight.
🎞 As highlighted in our recent YouTube video, this escalation signals the beginning of a new phase in the ongoing trade conflict, with more significant economic consequences expected in April. For a comprehensive analysis, be sure to check our upcoming April market forecast. #TrumpBTCBoomOrBus