#TrumpTariffs
Latest on “TrumpTariff” affecting crypto via Binance
President Trump rolled out hefty tariffs—25 % on imports from Canada and Mexico, and 10 % on China—in early February, eventually increasing them to as high as ~145 % before subsequent pauses .
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The announcement caused a sharp crypto market crash. Bitcoin fell from ~$105k to ~$92k, triggering over $1 billion in liquidations, with a broader market decline wiping out roughly $230 billion in total value 👍.
Binance Coin (BNB) proved slightly more resilient, dropping under 10%, as traders increased BNB holdings to offset higher trading fees amid market volatility .😀
Though Trump’s tariffs sparked volatility, there was a temporary pause after trade talks, yielding a brief crypto rebound .✅
#TrumpTariffs #BTC110KSoon? #Tradersleague #china #TrumpCrypto
