🔽Trump Again Dumps the Market
Donald Trump has approved new tariffs for 66 countries, including an increase in import duties from Canada from 25% to 35%. All measures will take effect on August 1. The decision on China remains open for now.
🗣Trump's decree states that goods imported from all countries around the world will have a tariff of 10%, except for goods from 92 countries subject to higher fees.
🐻The reaction of the crypto market has been negative. BTC fell below $116,000, and there were also significant liquidations that exceeded $620 million in the last 24 hours.
🇺🇸But there is positive news as well. The U.S. Treasury is buying back its own bonds for $2,000,000,000.
📊This may signal that authorities are trying to stabilize the financial system or reduce bond yields. Increased bond buybacks could weaken the dollar and enhance interest in BTC.
🏠Yesterday, SEC Chairman Paul Atkins presented the "Crypto Project," a bipartisan initiative to modernize securities regulations and transition U.S. financial markets to blockchain.
⚡️Michael Saylor's strategy is raising $4.2 billion to buy more BTC.
