Trump hit steel imports with 50% tariffs — classic move to pump domestic industry. Not directly tied to crypto, but yeah, it matters.
Here’s how:
Inflation vibes — higher steel costs → prices go up → Fed might stay hawkish = not great for risk assets short-term (BTC dips?).
Macro tension — trade war energy spooks markets → investors get cautious → might drag crypto with it.
BTC as hedge? — if things get messy, some might rotate into Bitcoin as a safe store of value. That narrative gets stronger if inflation creeps.$BTC $XRP $ETH
Here’s how:
Inflation vibes — higher steel costs → prices go up → Fed might stay hawkish = not great for risk assets short-term (BTC dips?).
Macro tension — trade war energy spooks markets → investors get cautious → might drag crypto with it.
BTC as hedge? — if things get messy, some might rotate into Bitcoin as a safe store of value. That narrative gets stronger if inflation creeps.$BTC $XRP $ETH