President Trump is set to announce reciprocal tariffs, sparking worries about their influence on the economy and crypto markets. Historical patterns show tariffs previously funded a large portion of the U.S. Federal budget.
Prior tariff news has caused drops in both crypto and stock markets, prompting fears of a trade war. Bitcoin prices fell below 95,000 USD, and analysts are closely monitoring the situation.
Economic analysts suggest that rising inflation and tariffs might drive consumers to invest in alternatives like Bitcoin. Monitoring price indices could provide insights into future developments.