Bethanie Santos QCUS
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2024
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Crypto markets are reacting to the latest U.S.-China tariff escalation, with Bitcoin falling below $75,000 and Ethereum under $1,500. The sell-off follows the rollout of 104% U.S. tariffs on Chinese goods, adding pressure to already shaky markets.
💬 What does this mean for crypto markets, both now and in the long term? Share your take!
👉 Create a post with the #CryptoTariffDrop or the $BTC cashtag, or share your trader’s profile and insights to earn Binance points!
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Activity period: 2025-04-09 06:00 (UTC) to 2025-04-10 06:00 (UTC)
Points rewards are first-come, first-served, so be sure to claim your points daily!
Crypto markets are reacting to the latest U.S.-China tariff escalation, with Bitcoin falling below $75,000 and Ethereum under $1,500. The sell-off follows the rollout of 104% U.S. tariffs on Chinese goods, adding pressure to already shaky markets.
💬 What does this mean for crypto markets, both now and in the long term? Share your take!
👉 Create a post with the #CryptoTariffDrop or the $BTC cashtag, or share your trader’s profile and insights to earn Binance points!
(Press the “+” on the App homepage and click on Task Center)
Activity period: 2025-04-09 06:00 (UTC) to 2025-04-10 06:00 (UTC)
Points rewards are first-come, first-served, so be sure to claim your points daily!
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According to Jinshi Data, President Trump announced plans to impose additional tariffs on countries that tax U.S. exports. He also stated that Congress is close to passing the largest tax cut bill in U.S. history, calling it a “rocket” for the U.S. economy. The combination of tax cuts and new trade measures could lead to stronger domestic growth and investor confidence—but may also introduce global trade uncertainty and inflationary risks.
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