After the statement of Trump from these hours yesterday, rapidly rising BTC And Altcoin prices are now running in the opposite. During the hours, we saw that the large green candle gave birth to almost the same size red candle. This is annoying for crypto money markets. So what happened to crypto currencies such quickly declined?
Why do crypto coins fall?
Yesterday crypto- With the brave announcement about the reserve, we saw that prices have increased. Now Trump’s Ukrainian And with the explanations of customs duties, he began to fall again. As of April 2, Trump announced that customs duties will be added to external agricultural products. This development is the kind that will increase inflationary pressure in food products.
The US stock markets increased their losses with President Trump’s statement that “customs duties will be applied on April 2”. Trump said farmers should prepare to sell products in the USA. ATLANTA, which predicts the first quarter growth rate of USA GNP as 2.3 Fed In his report on March 1, he revised it as -1,5. Today, the data was revised as -2,8.
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In addition, Trump, who continued his negative statements about the President of the Ukrainian President, also helped to continue the decline in the crypto by undermining his hopes for the end of the war. PMI data, which pointed to stagnation in US manufacturing data, was also one of today’s negative developments. The decline in crypto currencies took place as a result of all this.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
