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📢 Market Update: Trump Tariffs Blocked – What It Means for Crypto
🗓️ May 29, 2025
The U.S. Federal Trade Court has struck down President Trump’s latest round of tariffs, declaring them unconstitutional under the 1977 International Emergency Economic Powers Act. The administration has been given 10 days to reverse the measures. 📉
🔍 What Happened?
Trump’s so-called “Liberation Day” tariffs targeted a wide range of global imports. The move sparked concerns about global trade stability—and sent ripple effects across financial markets, including crypto.
💥 Impact on Crypto Markets
Shortly after the announcement:
Bitcoin (BTC) dipped 2.5% to $108,745
Ethereum (ETH), XRP, and SOL dropped 3–4%
Binance Coin (BNB) fell nearly 8%
📈 But with the court’s ruling, markets rebounded sharply. Asian equities and U.S. futures rallied, and crypto began recovering—signaling renewed investor confidence.
💬 Binance CEO Richard Teng noted:
> “Market stress often fuels interest in decentralized assets. We may see accelerated adoption as investors seek alternatives to traditional financial systems.”
🌐 As global economic uncertainty lingers, crypto remains a critical hedge and opportunity for the long-term investor.
Stay informed. Stay in control.
📲 Follow @Binance for more real-time market insights.
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