❗ The US and EU are on the brink of a trade war
• Trump threatens to impose 10% tariffs on European imports if the US does not allow the purchase of Greenland (rising to 25% by June)
• The EU is preparing retaliatory measures worth up to $108 billion (direct duties and restrictions on American companies)
• Investors are moving to safe havens: gold, bonds, the yen, and the Swiss franc are rising
• The dollar is weakening amid uncertainty, Bitcoin is falling in line with the general risk-off sentiment
As long as political tensions persist, pressure on Bitcoin may continue.
