๐ก Trumpโs latest tariff moves are shaking up the markets, bringing uncertainty and volatility ๐คฏ! The crypto market is feeling the heat, with $TRUMP down 2% at 5.568 ๐. Global trade tensions are on the rise, impacting currencies and risk assets ๐.
Market Impact:
- _Cryptocurrencies:_ Bitcoin and altcoins are vulnerable to geopolitical tensions and policy decisions ๐ฌ
- _Stocks:_ Companies like $RAVE (+60.78%) ๐ and $LONG (+266.45%) ๐ฅ are experiencing significant fluctuations
- _Currencies:_ The Indian rupee hit a record low due to US trade stalemate and portfolio outflows ๐ฎ๐ณ
Trumpโs Tariff Strategy:
- Aims to protect domestic industries and renegotiate trade deals ๐บ๐ธ
- Has led to retaliatory measures from other countries, escalating trade tensions ๐ค
- Impact on US debt and economy is debated, with some arguing it brings in revenue, while others see it as hurting businesses and consumers ๐ค
TRUMPUSDT
Perp
5.25
-4.42%
RAVE
Alpha
0.43052
+51.01%
LONG
Alpha
0.0056012
-24.23%
