US President Donald Trump plays the additional tariff card due to China’s counter tariff. The mutual tariff regulation announced last week increases the commercial tension between the two countries, while the effects of the trade war are felt in the crypto market. This development flares uncertainties about economic relations and crypto asset markets both in the United States and the international arena.
Trump’s Chinese policy
Trump announced that China will apply 50 percent additional tariffs if China does not remove this application in the face of 34 percent of its implemented tariff. This move of the president has led to a new stage of a long -sided bilateral trade dispute. The intention of the US administration to make new agreements with other countries points to the formation of a different dynamics in the global trade order.
Donald Trump: “China’s 34 percent of tariffs, an additional 50 percent customs duty can come.”
In addition, the president administration will continue to dialogue with other countries, but negotiations with China can be suspended said.
New tariff announcements began to create uncertainty and fluctuation in the crypto asset market. The effects of the trade war caused sudden price decreases, especially in Bitcoin and other crypto asset groups. Market participants, ongoing tariffs can have negative consequences on economic stability.
Mis information and speculative developments also created anxiety in the market. Recently, after a false notification by Trump that the tariff application has been postponed to 90 days, Bitcoin has seen a short -term recovery, although the general tendency is decreased.
When do the subcoins rise?
Bitcoin has been able to compensate for some of his previous losses as a result of recent developments. While the price fluctuates at regular intervals, investors continue to observe the unstable course of the market. In addition to Bitcoin, Ethereum and other crypto beings experienced similar fluctuations.
Arthur Hayes, one of the market experts, said that after a new summit for BTCD, the rise of Altcoin could begin.
Arthur Hayes: “The fact that Bitcoin dominance reaches 70 percent can increase the likelihood of recovering in the market.”
If this happens, the subcoins already do one of the historical bottoms after falling as much as the subcoins will survive how much it survives. In summary, when the altcoins do not have blood flow (ready -to -sell investor), BTCD peaks and is expected to recover in subcoins.
Developments show that economic uncertainty and wavy market conditions may continue in a process in which global trade relations are reshaped. In the international arena, negotiations and new trade regulations with other countries are thought to play a decisive role in the course of the market.
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.
