This week, the cryptocurrency sector has seen significant changes, including new records and important tariff cancellations.
Impact of Tariffs on Cryptocurrencies
Tariffs influence inflation levels, inflation, in turn, affects the Federal Reserve's interest rate decisions, which sharply impacts cryptocurrency charts. Elevated tariffs between the US and EU pose a serious threat to cryptocurrencies. It was expected that President Trump would send a customs tariff letter to the EU, but this did not occur. Instead, pressure tactics to expedite negotiations are observed.
EU's Withdrawal from Digital Tax
It has been reported that the EU has shelved its digital tax plans, aligning with US requirements. This raises significant concerns for companies like META, Google, and Apple. The EU's retreat in light of tariff negotiations underscores its desire to finalize an agreement, which may bolster cryptocurrencies.
Outlook for the Cryptocurrency Market
An announcement regarding a tariff agreement is expected soon, which is likely to support cryptocurrencies further. This agreement could eliminate many economic uncertainties that have weighed on digital markets. While traditional markets react to geopolitical changes, cryptocurrencies may gain an additional growth impetus.
Global attention is focused on upcoming announcements that could significantly influence economic policy and the future of the cryptocurrency market. Investors are optimistically awaiting new opportunities.
