Bitcoin, the prominent cryptocurrency, has experienced a decline due to anticipated tariff announcements. Trump has introduced significant tariffs that raise concerns.
New Pressure on Bitcoin
Trump has introduced tariffs substantial enough to raise concerns. A 34% tariff on China alone is enough to unsettle the global economy. We stand on the brink of a recession marked by the most significant customs tariffs in history. The Federal Reserve will likely have to lower interest rates, and the direction of cryptocurrencies should become clearer in the coming hours.
Coinbase’s Altcoin Listing Strategy
In this chaotic environment, the Coinbase exchange is continuing its efforts to list altcoins. Recently, the exchange has accelerated its listing process and added another altcoin to its roadmap. As mentioned earlier, there is no certainty regarding the listing of these altcoins, but a key announcement regarding listings is expected shortly.
Growing Interest in Reserve Rights (RSR)
The altcoin added to the listing plan and roadmap is Reserve Rights (RSR). If the announcement has not been made by the same time tomorrow, it is anticipated that an announcement will follow within a few days. Following the announcement, RSR Coin has surged by 18%. This indicates a growing interest from traders and market participants.
The outlined events highlight increased volatility in the cryptocurrency market, driven by significant tariff changes and new exchange strategies.
