#TrumpTariffs
📉 Impact of #TrumpTariffs on the crypto market
The tariffs imposed during the Trump administration, known as #TrumpTariffs, continue to resonate in the global economy, and their effects can also be felt in the realm of cryptocurrencies. The trade tension between the US and China has driven many investors to seek alternative assets, such as digital gold — Bitcoin.
During the peak of these tariffs, we saw an increase in the demand for cryptos as a form of protection against unpredictable monetary policies. Now, with new debates about the return or expansion of these tariffs, the crypto market is reacting again. BTC, for example, proves to be resilient in the face of traditional economic uncertainties.
With the unstable geopolitical landscape, it is possible that more investors will turn to the crypto market as a safe haven. The hashtag #TrumpTariffs becomes relevant again, not only in politics but in the financial world as a whole.