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Trump's Tariff Threat: How It Affects Cryptocurrencies?

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by Giorgi Kostiuk

6 hours ago


Recent statements about a potential 100% tariff on Russia made by Donald Trump have yet to receive official confirmation. Nonetheless, this fact has not impacted the cryptocurrency market.

Trump's Alleged Threat

Reports suggest Donald Trump expressed dissatisfaction and proposed a secondary 100% tariff on Russia. This information was shared via Jinshi and ChainCatcher. As of now, there have been no official comments from Trump or U.S. officials.

Market and Historical Context

Analyzing the cryptocurrency market's response shows no notable changes in reaction to these statements. For instance, Bitcoin (BTC) is valued at $117,040.01 with a market capitalization of $2.33 trillion, despite a 4.39% decline over the last 24 hours while experiencing a 39.63% increase over the past 90 days.

State of the Cryptocurrency Market

In the absence of official verifications, the current stability of the cryptocurrency market highlights investors' maturity, who are becoming increasingly cautious regarding uncertain news. Currently, no significant price changes have been observed related to the mentioned threats.

Thus, despite alarming reports about the possibility of implementing trade tariffs on Russia, the cryptocurrency market maintains stability, suggesting that investors are carefully analyzing information before reacting to such events.

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