BTC experienced another price drop while President Trump was delivering a speech. In his address, he discussed the ongoing trade war, highlighting its role as both a weapon and a means of enhancing the US economy. The gravity of the situation has become increasingly apparent in recent times. Despite temporarily resolving issues with Mexico and Canada, the new president is now opening up new fronts.
When it comes to cryptocurrencies, Trump’s entry into office initially seemed promising in terms of regulation. However, it is now proving to be disastrous for the global economy. Following actions taken against China, Mexico, and Canada, Trump has announced additional tariffs on Japan, with the promise of more to come. He stated that he would be making decisions on additional tariffs with various countries in the following week.
As the weekend approaches and trading volume remains low, Trump’s actions have had a significant impact on the cryptocurrency market. He has essentially dropped a bombshell in this space.
“I will talk with Putin.
I will meet with the President of China.
I will discuss the Nippon agreement with Ishiba.
I will make an announcement regarding mutual trade next week.
Tariffs on Japan are an option.
Tariffs are a way to cover the budget deficit.
Next week, I will announce mutual tariffs for many countries.
I hope to meet with Zelenskiy next week to discuss the security of their rare earth elements.”
Note: The translation above is a direct and accurate rendering of the original text. It is important to mention that any opinions or implications made in the original article are not necessarily reflected in the translation.