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Here is what one of our fren here had to say about Trump and the Crypto market 🔥
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At this point, it seems like Trump “ deceived” people by being bullish on crypto to get votes before the election. Before the election, we saw Trump attending different crypto events and meetings, speaking about Bitcoin and his future plans for crypto. For now, or in the meantime, we can’t really see anything impactful Trump is doing to the market. Before the inauguration, Trump created a meme coin and posted it on his official X account. This meme coin caused a lot of FOMO and resulted in huge losses; people lost a lot of money on that meme coin. We strongly believe it is as a result of his meme coin that PEPE and WIF fell greatly. We believe the major reason why Bitcoin crossed $100,000 in the first place is because of FOMO. People were buying, investors were buying, and nobody was selling because the next president of the United States of America was bullish on Bitcoin, and he could probably run Bitcoin to $250,000.
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IF YOU DO NOT HAVE MONEY, YOU WILL MISS OUT ON A LOT OF OPPORTUNITIES IN THE CRYPTO SPACE TAKE THIS AS A FINANCIAL ADVICE
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The U.S. stock market lost around $2 trillion after new taxes on imports were announced. These tariffs act like extra fees on products coming from other countries,most items got a 10% fee, but some from places like China, Europe, and Japan faced even higher fees 🔥 The goal was to boost American manufacturing, but instead, many companies, including big ones like Apple that rely on foreign production, saw their stock prices drop sharply and a lot of investors losing millions of dollars Other countries are really not happy about these extra fees either, and they might impose their own taxes on U.S. goods, which could lead to higher prices and even a recession This whole tariff development has also impacted the crypto market
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Maybe, right ?
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Bitcoin News Today: Arthur Hayes Backs Trump Tariffs as a Bullish Trigger for Bitcoin Price
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Binance Market Update (2025-04-04)
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