Trump’s identification setting may be good for long -term encryption

The encryption prices fell after US President Donald Trump announced the state of national emergency and imposed a widespread tariff on all countries. Initially, the market reaction was positively with the basic tariff by 10 %, but this optimism faded quickly with the appearance of more details.

Starting April 5, you will face all countries a 10 % tariffWith some difficulty infection – by 34 %, the European Union by 20 %, and Japan by 24 %. Speaking of the Roses Garden at the White House, Trump justified this step, claiming that the United States was simply receiving “half of what it received for us.”

David Hernandez, an investment expert in encryption in 21shares, noted that although the advertisement caused fluctuations, it also brought clarity. “The markets flourish with certainty. Now that speculation has become outside the table, founding investors may intervene to benefit from low prices,” he said.

He also added: “Although customs tariff rates were slightly higher than expectations, the advertisement made clear that affects the need in the scope of politics and its size.”

Hernandez believes that the following moves of the market will depend on how other countries interact. It is speculated that Mexico, along with East Asian economies such as China, South Korea and Japan, may consider counter -measures.

Bitcoin (BTC) raised, reaching 88,500 dollars before it decreased by 2.6 % to 82,876 dollars. ETHEREMM took a significant diving, as more than 6 % fell from 1934 dollars to $ 1797, according to Coingecko. The entire encryption market was not far from the knees, as it increased by 5.3 %, raising the total maximum market to $ 2.7 trillion.

Moreover, investors really decreased, and the Crypto Fear & Greed index fell to 25, indicating a lot of fear and uncertainty at the present time.

But after the sharp decline, the prices began to recover. Bitcoin regained 0.8 % to reach $ 83.205, while the ether rose by 1.2 % to $ 1810.

Stock markets spared, too. S&P 500 lost an amazing amount of $ 2 trillion in the market – more than $ 125 billion per minute Copsy message.

Rachel Lucas, BTC Markets, explained that the merchants initially saw the news of customs tariffs as relief, but the panic that was identified when the full details appeared. She said: “The trading volume increased by 46 %, as investors rushed to re -put it. The big players got profits on the height, while young investors hesitated.”

The big question now is how the other countries will respond. If China or the European Union is running out, expect another round of market turmoil. US Treasury Secretary Scott Pesin to caution Against revenge, saying that the current definitions represent the “supreme party” of the scale – the things that threaten them will not escalate more unless other countries are mentioned.

Also read: The encryption market becomes a victim of Trump tariff ads