What is happening in the crypto market?
There is an economic war going on all over the world today. The war started by US President Donald Trump. The newly elected US president is trying to impose tariffs. Even Bangladesh was not left out and nearly 37 percent duty was imposed on Bangladesh. And the world is currently in a lot of trouble about it. As first started by Donald Trump. US President Donald Trump imposed a new 34 percent tariff on Chinese goods in the United States on China. In response, China said it would implement an additional 34 percent tariff on all U.S. goods starting April 10, a retaliatory measure.
India or Vietnam or Canada or Mexico are not excluded from this list. As part of China's retaliation, Beijing also said it would impose export controls on some rare goods imported from the United States. Currently, the impact of this trade war has spread across all economic markets. From the big market of America to the big stock markets of the world it has been hit. We are currently seeing such downfalls across the crypto market. It's coming down to Trump (tariffs) tariffs. But the message of hope is that the market will definitely pump! Inshallah
But it's also not a matter of being happy that the market will pump. Because no matter how pumped or dumped the market is, altcoins seem to be disappearing at the bottom of the ocean day by day. So there are a few more things here until this issue is resolved we're not getting any good news it seems to me. Moreover, the way Bitcoin supremacy is going upwards, it seems that who will stop it? If Bitcoin dominance doesn't go down by a huge amount and it doesn't fall near or below 50% then we don't see anything good in the market.
However, at the moment, the market is running a game of getting kicked out of the market. Constantly the market goes up and down to exhaust the liquidity of the investors. However, the glimmer of hope is that representatives of the maximum number of countries have reached talks with Donald Trump on tariffs. For example, Vietnam is the first in this queue, which has solved many of its problems through negotiations. If the other states step forward and actually negotiate a solution, hopefully we will see something better soon. Be patient everyone, don't sell at a loss.
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