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China and U.S Tariffs Impact!!!
BitcoinĀ is flirting with the $99,300 level after China announced retaliatory tariffs on certain U.S. goods.
On Tuesday, Chinaās finance ministry said that starting Feb. 10, it will impose an additional 15% tariff on coal and liquefied natural gas and an additional 10% on crude oil, agricultural machinery and certain vehicles.
Chinaās tariff announcement comes after the additional U.S. tariffs on Chinese goods took effect today. āThe U.S.' unilateral imposition of tariffs severely violates the rules of the World Trade Organization,ā the Chinese ministry said in a translated statement. Meanwhile, Chinaās Ministry of CommerceĀ announcedĀ on Tuesday that it will tighten export controls on products containing tungsten, tellurium, bismuth, molybdenum, and indium, citing the need to safeguard national interests and security.
The worldās largestĀ cryptocurrencyĀ saw aĀ sharp reboundĀ to above $100,000 on Monday after U.S. President Donald Trump said the tariff threats between the U.S. and Mexico were put on pause for the next month.
āWhile bitcoin is often discussed as a digital alternative to gold, it is still largely perceived as a risk asset by many investors. As such, Chinaās retaliatory 10% tariff on the U.S. is likely to put pressure on risk assets, including crypto, much like equities,ā Min Jung, research analyst at Presto Research, told The Block.
āHowever, as seen in todayās V-shaped recovery before the announcement, the initial market reaction may have been an overreaction. Justin d'Anethan, head of sales at Liquifi, said that while initial market jitters were tied to Trumpās tariffs on Mexico and Canada, itās ābecoming clear that those were just opening shots ā the real escalation is happening with China, and potentially Europe next.ā
Cold digital war start between U.S and China, some big things happening now...
#BitcoinVsTariffs #USTariffs #ChinaEconomy #ChinaCrypto #Reply $BTC
BitcoinĀ is flirting with the $99,300 level after China announced retaliatory tariffs on certain U.S. goods.
On Tuesday, Chinaās finance ministry said that starting Feb. 10, it will impose an additional 15% tariff on coal and liquefied natural gas and an additional 10% on crude oil, agricultural machinery and certain vehicles.
Chinaās tariff announcement comes after the additional U.S. tariffs on Chinese goods took effect today. āThe U.S.' unilateral imposition of tariffs severely violates the rules of the World Trade Organization,ā the Chinese ministry said in a translated statement. Meanwhile, Chinaās Ministry of CommerceĀ announcedĀ on Tuesday that it will tighten export controls on products containing tungsten, tellurium, bismuth, molybdenum, and indium, citing the need to safeguard national interests and security.
The worldās largestĀ cryptocurrencyĀ saw aĀ sharp reboundĀ to above $100,000 on Monday after U.S. President Donald Trump said the tariff threats between the U.S. and Mexico were put on pause for the next month.
āWhile bitcoin is often discussed as a digital alternative to gold, it is still largely perceived as a risk asset by many investors. As such, Chinaās retaliatory 10% tariff on the U.S. is likely to put pressure on risk assets, including crypto, much like equities,ā Min Jung, research analyst at Presto Research, told The Block.
āHowever, as seen in todayās V-shaped recovery before the announcement, the initial market reaction may have been an overreaction. Justin d'Anethan, head of sales at Liquifi, said that while initial market jitters were tied to Trumpās tariffs on Mexico and Canada, itās ābecoming clear that those were just opening shots ā the real escalation is happening with China, and potentially Europe next.ā
Cold digital war start between U.S and China, some big things happening now...
#BitcoinVsTariffs #USTariffs #ChinaEconomy #ChinaCrypto #Reply $BTC
Don't go After Pump!
If you want to lose your money , run after which coin is pumping .
Actually , that is a strategy for the immature .
Rather , be strategic . Look for coins that have been oversold (RSI around 20-30) ...buy and wait .
Recent examples are BTTC and Jasmy.
For a long time these coins were underperforming ...but that was a good time to buy!
Success in Crypto is about strategy and patience .
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#Like, #Share, #follow and #reply to my posts. Let's win together .
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#trendingpost
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If you want to lose your money , run after which coin is pumping .
Actually , that is a strategy for the immature .
Rather , be strategic . Look for coins that have been oversold (RSI around 20-30) ...buy and wait .
Recent examples are BTTC and Jasmy.
For a long time these coins were underperforming ...but that was a good time to buy!
Success in Crypto is about strategy and patience .
Stay with me. I am here to guide you .
#Like, #Share, #follow and #reply to my posts. Let's win together .
#Write2Earn
#trendingpost
#Jasmy
#BTTC
#LUNA
#DREP
#AST
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Mysterious Discoveries: What's Not Being Said About $XRP āšØļø
Mysterious Discoveries: What is not said about $XRP š„
In the world of cryptocurrencies, there are major, unannounced movements taking place behind the scenes, and only a few are prepared to comprehend their impact.
While most investors are focused on Bitcoin and Ethereum, the real secret may lie in XRPāthe digital asset that has long been shrouded in mystery and exciting speculation.
In the world of cryptocurrencies, there are major, unannounced movements taking place behind the scenes, and only a few are prepared to comprehend their impact.
While most investors are focused on Bitcoin and Ethereum, the real secret may lie in XRPāthe digital asset that has long been shrouded in mystery and exciting speculation.
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