As we approach the final hours of February, cryptocurrency enthusiasts are gearing up for a pivotal March, a month expected to unravel numerous pressing issues such as customs tariffs, the Ukraine war, and interest rates. The significance of this month cannot be overstated, as it will potentially determine the future trajectory of the cryptocurrency market.
March’s Impact on Cryptocurrencies
Trump took office in January and made bold statements regarding additional customs tariffs in February. He threatened China with tariffs reaching up to 100% while announcing new tariffs of 10% for China and 25% for the EU, set for April.
Simultaneously, Trump accelerated actions concerning the war between Russia and Ukraine, asserting claims over Ukraine’s underground wealth. His aggressive stance culminated in a public reprimand of the Ukrainian President while in the Oval Office.
Historical Context for Cryptocurrencies
So, how do we know that March will be decisive? According to Bloomberg, Mexico is preparing to raise tariffs on Chinese goods to avoid Trump’s proposed 25% customs tax, as it has no choice but to comply. With pressure mounting, China … creator solana token
