Bitcoin Under Pressure Amid Trump’s Tariff Announcement

Bitcoin’s value has declined due to anticipated tariff increases announced by former President Donald Trump. These tariffs, potentially reaching a record-breaking 34% for imports from China alone, are expected to significantly impact global trade and economic growth. Experts predict that the Federal Reserve may lower interest rates in response, creating uncertainty within the cryptocurrency market. This article explores the potential impact of these tariffs on Bitcoin, alongside insights into Coinbase’s ongoing altcoin listing strategy.