Following a rapid increase in Bitcoin $88,667 and altcoin prices after Trump’s announcement yesterday, the market has seen a swift downturn. In a matter of hours, a significant bullish candle was met with an equally large bearish one. This abrupt shift has caused frustration within the cryptocurrency markets, prompting questions about the reasons behind such a rapid decline.
What’s Causing the Drop in Cryptocurrencies?
Yesterday, a bold announcement regarding crypto reserves led to a spike in prices. However, Trump’s comments about Ukraine and the introduction of tariffs have now caused prices to plummet once again. He announced that starting April 2, tariffs will be added to agricultural products coming fr…
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