Author: Defienomy

Cryptocurrencies tumble after Trump confirms 104% tariffs on China’s goods

On April 7, Bitcoin experienced a significant decline, plummeting almost 7% to reach a three-week low of $77,077. Bitcoin’s Brief Strength Eroded by Trade War Worries After Trump’s Tariff Reveal The downturn took place shortly after U.S. President Donald Trump revealed significant new import tariffs, raising fears of a potential trade war and a deceleration in the global economy. Initially, the cryptocurrency market demonstrated some strength last week, as traders considered the possibility of Bitcoin serving as a “safe haven” amid the decline of tech stocks. However, by the evening of April 6, that perspective had changed dramatically. As U.S.…

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