How do Trump's new tariffs affect the crypto market? An analysis based on Binance data ๐**
Recently, U.S. President Trump announced new tariffs that include a 10% base rate on all imports, with increases of up to 145% on certain Chinese goods. This move sparked a wave of volatility in global markets, including the crypto market.
**Impact of tariffs on Bitcoin and digital assets:
1๏ธโฃ **Correlation with traditional markets**: In the early days following the announcement, BTC's value fell by 15% as U.S. indices such as NASDAQ declined.
2๏ธโฃ **Shift to "safe haven": In the long term, investors began to view Bitcoin as a substitute for digital gold, especially with rising inflation and a weakening dollar.
3๏ธโฃ **Mining costs: Tariffs may raise the prices of imported mining equipment, which increases network centralization and affects decentralization.
**Data from Binance shows:**
- Trading volume increased to 69402036341 after the announcement by 25% in 30 days, indicating increased demand as a hedge against risks.
- Growing institutional interest in digital assets as part of diversification strategies.
**Conclusion:**
While tariffs have caused short-term volatility, they may enhance Bitcoin's position as a long-term investment asset amid trade policy instability. ๐
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