Tariffs take effect, $BTC crashes from 88500
On April 2, President Trump announced a new tariff plan.
Trump stated that he has taken a tolerant attitude towards various countries and decided to implement discounted reciprocal tariffs.
The specific tariffs are as follows:
China: 34%
European Union: 20%
Japan: 26%
South Korea: 25%
United Kingdom: 10%
Israel: 17%
Trump's tariffs repeatedly disrupt global supply chains and capital flows, leading to a deterioration of liquidity sentiment.
High-volatility assets in the cryptocurrency space have become "amplifiers of sentiment"; it's not the tariffs themselves that are falling, but the market's panic over uncertainty.
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