#TrumpTariffs
Donald Trump announced new tariffs on imported goods (especially from China), which is generating global economic uncertainty.
Impact on cryptocurrencies:
The market fell sharply (e.g., Bitcoin fell 6%) due to fears of recession and inflation.
Investors are fleeing risky assets, such as cryptocurrencies, and moving to safer assets (like gold).
Shares of crypto companies (like Coinbase) also fell.
Mining costs increased due to tariffs on Chinese chips and equipment.
Temporary reactions:
When Trump announced a 90-day pause on part of the tariffs, the market made a slight recovery (Bitcoin rose 5%).
Overall summary: Trump's tariffs are making the crypto market more volatile and uncertain, with price drops and greater risks for investors and companies in the sector.