US President Donald Trump does not give up his plans to make countries like China accept the terms of the mutual tariff, which was unveiled last week. The two countries began to announce counter -veil, which exacerbates the long -awaited trade war, which continued to influence the encryption market.
President Donald Trump issues a new warning to China
President Donald Trump also revealed and Broadcast on x.The United States will impose an additional 50 % tariff on China if the Asian giant fails to raise a 34 % anti -tariff. After Trump’s mutual announcement on April 2, China responded at a level of 34 %.
The move was unacceptable to President Donald Trump, who said China had already imposed a standard tariff. The US President’s warning to China was on April 8, and if the nation fails to comply, it will respond with a 50 % type of import fee.
In his position on the media, in fact, the US president indicated that his administration will continue to negotiate with other countries that have continued. However, he said that all negotiations with China will stop immediately China tax on US imports It was not raised.
Mexico, Canada, Japan and the European Union are among the nations looking for a renewed deal with the United States.
The effect of tariff movements on the encryption market
As shown in the encryption market in the past few weeks, feelings about the trade war raised concerns about the emerging asset categories. As mentioned earlier by Coingape, Bitcoin crashed to $ 74.00 Fears that more definitions and economic instability are in mind.
The same is the same outflow of all altcoins, from XRP to Solana and Cardano. In addition to this outlook, the current trend indicates any aspect of the market safe, with the continued fluctuations in playing.
Looking at the nature of the stock market losses, the industry is now very sensitive to fake news. Earlier, the BTC price recovered to 80,000 dollars on a fake update that President Donald Trump suspended the implementation of the customs tariff for 90 days. If the two countries are not reflected in the direction, more fluctuations may come.
Bitcoin price expectations and altcoin
At the time of writing this report, the price of Bitcoin had cut off some of its losses and was trading at 78,961.40 dollars, a decrease of 1.6 % in 24 hours. During this period, the currency moved between two extremist prices, including a decrease of $ 74,436 and the highest $ 81.119.06.
Altcoins also regulates a return with Ethereum Trading for $ 1,556.42 at the top of 7.01 %. XRP, Dogecoin and Solana also decreased by 6.04 %, 5.11 % and 3.31 % of writing.
Market experts like Arthur Hayes predicted Bitcoin dominance on 70 % arrival With the market it is possible to refresh. If it is achieved, Altcoins may also do a phase of continuous recovery moving forward.
Godfrey Benjamin
Benjamin Jodfrey is a blockchain lover and journalists who enjoy writing about the real life applications of Blockchain technology and innovations to pay public acceptance and complementarity all over the world for emerging technology. His desires to educate people about encrypted currencies inspire his contributions to the media and the famous Blockchain sites. Benjamin Jodfrey is a fan of sports and agriculture. Follow it xand LinkedIn
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