Trump’s Economic Moves Shake the Cryptocurrency Market – BitRss

BTC ($97,575.83) price dropped again while Trump was speaking. He is making statements regarding the trade war, viewing it as a weapon and leverage for improving the US economy. The seriousness of the situation became evident recently. Although issues with Mexico and Canada were resolved temporarily, the new president is opening new fronts.

Trump and Cryptocurrencies

Trump’s arrival was fantastic for cryptocurrencies in terms of regulation. However, it is turning out to be disastrous for the global economy. Following China, Mexico, and Canada, he announced that there would be additional tariffs on Japan as well. Moreover, he promises much more. Trump mentioned that he would announce decisions on additional tariffs with several countries next week.

As the weekend approaches with low trading volume, Trump essentially dropped a bomb in the cryptocurrency space.