BTC price experienced a drop once again during President Trump’s speech. He made statements regarding the trade war, viewing it as a means to improve the US economy by using it as a weapon and leverage. The severity of the situation has recently become apparent. Although temporary resolutions were reached with Mexico and Canada, the new president has now opened new fronts.
Trump’s impact on cryptocurrencies has been both positive and negative. While his arrival has brought about fantastic regulatory changes for cryptocurrencies, it is proving to be disastrous for the global economy. Following China, Mexico, and Canada, he has announced additional tariffs on Japan, with promises of more to come. Trump has stated that he will make decisions regarding additional tariffs with several countries next week.
As the weekend approaches and trading volume remains low, Trump has essentially caused a significant disruption in the cryptocurrency market.
“I will talk with Putin.
I will meet with the President of China.
I will discuss the Nippon agreement with Ishiba.
I will make an announcement regarding mutual trade next week.
Tariffs on Japan are an option.
Tariffs are a way to cover the budget deficit.
Next week, I will announce mutual tariffs for many countries.
I hope to meet with Zelenskiy next week to discuss the security of their rare earth elements.”
