You can see bitcoin is trading around 75k USD and this is still okay because most of us holds altcoins. Now come back to the hive price and it is around 0.18 which all time low price and many other altcoins are near to deadline and some are almost died. This bull season is even worst than the bear season. So all these things are happening now fast because of the recent tarrifs announcements by donald trump.
After this announement more than 50 countries contacted to donald trump so that they can talk about business. Talking about the president of isarel whose name is benjamin netantyahu, he wants to talk about new tarrifs that is why he is reaching white house on this sunday. japan will soon contact to donald trump regarding this issue. lai ching-te the president of taiwan is also ready for the discussion and he want to eliminate barrier and for that trade will based on 0 tarrif. He also said that taiwan's companies will increase the investment in america.
The director of the National Economic Council whose name is Kevin Hassett said that donald truff is doing excellent job and this is going to be saviour and good for all of us. So far the United States stock market has lost about $6 trillion and this is huge amount of crash, trump said that I am not worried about this. And obviously this is big crash in stock market along with the crypto market.
US president donald trump said,
"I don't want to cause any trouble, but sometimes you have to take medicine to fix something."
He talked to europe and asia's political leaders and they expecting that donald trump should reduce tarrif to by 50%
Donald Trump's tariff policy announcement last week shook economies in the world, and this was the biggest shocking news for them and they were not expected something like this. China is a competitor of the US, and it has also announced tariffs in reply. now concerning thing is this raising the risk of a trade war, financial crisis and recession globally.
This particular change is not good for the many countries and that is the reason the danger of trade war is increased. Bitcoin price was holding till now but today it is also crashed badly. And bitcoin rise is not benefitting the altcoin but bitcoin crash is giving the loss for the altcoins which is a big concerning part of cryptocurrency market.
So if you want more updates regarding this then please stay tuned and do not forget to share this post. Do a comment below have a good day B bye.
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 | Hi I am lucky ali from gujarat, india. I am a crypto enthusiast, blogger, and SEO developer. I am always interested in learning new things and getting new experiences. You can find me on hive, twitter and discord (Lucky Ali#6343). Sharing is caring, Thank you hive family ♥ |