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Tariff War and the End of Cryptocurrencies?
In recent years, the world has witnessed a growing trade tension between global powers, with protectionist policies and tariff wars led by figures like Donald Trump. As traditional markets react with fluctuations and adjustments, the question arises: how do these economic movements affect cryptocurrencies?
The immediate impact: extreme volatility
Cryptocurrencies are known for their volatility, but trade tensions have added a new layer of uncertainty. The tariff war has wreaked havoc on global markets, driving the search for safe havens like gold. However, cryptocurrencies have reacted in mixed ways, with declines in value due to economic uncertainty, but also with flashes of optimism as a financial alternative.
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⚠️ATTENTION⚠️
💥💥 Trump threatens with a 25% tariff on Apple and Samsung and CONFIRMS a 50% tariff on the European Union 💥💥
⚜️⚜️ "I am not seeking an agreement with Europe; it is already decided: on June 1, a 50% tariff will be imposed against the European Union" ⚜️⚜️
🍼🍼 What did Trump say for Bitcoin to drop $4K in 2 hours 🍼🍼
✅ He stated that he will impose tariffs of at least 25% on Apple if iPhones are not manufactured in the U.S ✅
✅ As a result, AAPL shares plummeted 4.44% at market opening ✅
🔷🔷 "Their trade barriers, VAT, corporate sanctions, non-monetary trade barriers, monetary manipulations, unjustified lawsuits, and more, have created a trade deficit with the U.S of over 250 million dollars annually" 🔷🔷
🌐🌐 Why this is negative for financial markets 🌐🌐
🧲🧲 Because it increases fears of a decline in economic activity, which could lead to a recession 🧲🧲
👁️👁️ That is why, at this hour, stocks and BTC would react poorly to any escalation of the trade war 👁️👁️
#TrumpTariffs
#MarketPullback
#GuerraDeAranceles
$FIL
$ORDI
$AAVE
💥💥 Trump threatens with a 25% tariff on Apple and Samsung and CONFIRMS a 50% tariff on the European Union 💥💥
⚜️⚜️ "I am not seeking an agreement with Europe; it is already decided: on June 1, a 50% tariff will be imposed against the European Union" ⚜️⚜️
🍼🍼 What did Trump say for Bitcoin to drop $4K in 2 hours 🍼🍼
✅ He stated that he will impose tariffs of at least 25% on Apple if iPhones are not manufactured in the U.S ✅
✅ As a result, AAPL shares plummeted 4.44% at market opening ✅
🔷🔷 "Their trade barriers, VAT, corporate sanctions, non-monetary trade barriers, monetary manipulations, unjustified lawsuits, and more, have created a trade deficit with the U.S of over 250 million dollars annually" 🔷🔷
🌐🌐 Why this is negative for financial markets 🌐🌐
🧲🧲 Because it increases fears of a decline in economic activity, which could lead to a recession 🧲🧲
👁️👁️ That is why, at this hour, stocks and BTC would react poorly to any escalation of the trade war 👁️👁️
#TrumpTariffs
#MarketPullback
#GuerraDeAranceles
$FIL
$ORDI
$AAVE
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