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Strike Gold by Sharing Your TradFi Orders and Pictures!
Post on Gate Square and split $10,000 in rewards!
The TradFi Gold Lucky Bag is now live—1g of real gold every 10 minutes. Trade nonstop, win nonstop!
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Details: https://www.gate.com/announcements/article/47889
#TariffTensionsHitCryptoMarket
Hey everyone,
The crypto market has entered another phase of turbulence over the past few days, and this time the trigger is clearly macro-driven. Renewed tariff threats from the U.S. have reignited global trade-war concerns, pushing markets into a risk-off mode and putting visible pressure on digital assets.
Over the weekend, U.S. President Donald Trump revived tariff discussions targeting eight European countries, including Denmark, Germany, France, the UK, and others. Initial tariffs of 10% are expected to begin on February 1, with the possibility of escalating to 25% by June if negotiations fail. In response, Europe has already signaled potential retaliation, with reports suggesting the EU is preparing counter-tariffs worth up to €93 billion. This setup mirrors a classic trade-war escalation scenario, and markets reacted swiftly.
Crypto felt the impact almost immediately. Bitcoin dropped nearly 3.6% during Asian trading hours