In a surprising decision, Trump announced a 90-day suspension of tariffs on some countries, but at the same time struck China by raising tariffs by 125%!
What’s the relation of this to crypto?
The market turned: Bitcoin rose a bit and then started to fluctuate.
Investors are confused: Should we trust the truce? Or fear escalation with China?
Liquidity is at risk: China is a key player in the cryptocurrency market.
The important point:
Every political statement now affects crypto just like technical analysis, making the market more volatile and traders in constant alert.
If you are trading: Always keep an eye on political and economic news, as they could be the signals that determine the direction of the market.
