#TrumpTariffs

📢 | The impact of Trump's tariffs on the crypto market! 🇺🇸

Former U.S. President Donald Trump imposed tariffs ranging from 10% to 25% on imports from China, Canada, and Mexico, leading to a selling wave in global markets.

A swift reaction included sharp declines in cryptocurrencies: Bitcoin fell below $92,000, and virtual positions were liquidated between $700 million and more than $2 billion.

Market reactions were negative due to inflation fears and interest rate hikes, as investors moved away from high-risk assets towards safe havens.

Follow #Binance to learn about the impact of these tariffs on crypto trading and the outlook for strategic planning.