In recent weeks, trade tariffs have become the most discussed topic on social media regarding crypto. This is evident from data released by one of the leading crypto analytics platforms, Santiment, on social media X.
Based on one of its latest posts, Santiment sees that the latest data shows a significant spike in conversations about tariffs on platforms like Twitter and Reddit, especially after April.
The current price of Bitcoin is at US$ 80,600, while Ethereum has fallen to US$ 1,594. This decline occurred after the crypto market crashed last weekend. However, good news is starting to emerge. Some countries now appear to be opening up to looser trade cooperation with the United States.
Taiwan, for example, has just approved the elimination of tariffs on American products. Taiwanese President Lai Ching-te stated that tariff negotiations could begin based on a ‘zero tariff’ framework between Taiwan and the United States, referring to the US-Canada-Mexico free trade agreement. Lai also emphasized that Taiwanese companies would increase their investments in America, especially in the technology sector.
This country has joined a number of other Asian countries that are also moving in the same direction. In addition, the European Union has also expressed a desire to implement a 0 percent tariff reciprocally in the near future.
If this agreement truly happens, the impact could be felt immediately in the markets. Analysts predict that a reduction in tariffs will trigger a significant surge in crypto and stock prices globally. Santiment even mentions the potential for a ‘bullish explosion’ in the market if trade barriers between countries begin to disappear.
As is known, the announcement of tariffs by U.S. President Donald Trump triggered a sharp decline in global stock markets. The Dow Jones Industrial Average fell more than 1,000 points, while the S&P 500 and Nasdaq also experienced significant declines. Stock markets in Europe and Asia also plummeted sharply.
With this situation, market participants and the crypto community are now beginning to pay significant attention to the developments in international negotiations. Many hope that changes in trade policy could trigger the next major rally in the crypto world.
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