Binance Academy
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How tariffs can impact the cryptocurrency market?
Key points
Tariffs are taxes that the government imposes on imported goods. The idea here is to make foreign products more expensive so that local businesses can compete better.
In the short term, tariffs often create uncertainty and market volatility. Depending on how tariffs are announced and implemented, investors may exit risky assets like stocks and cryptocurrencies, leading to price declines.
Tariffs are taxes that the government imposes on imported goods. The idea here is to make foreign products more expensive so that local businesses can compete better.
In the short term, tariffs often create uncertainty and market volatility. Depending on how tariffs are announced and implemented, investors may exit risky assets like stocks and cryptocurrencies, leading to price declines.
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