What’s Up Traders! 🌟
Talk about market whiplash! We're living through some serious déjà vu in the crypto space after the White House just shut down hopes for a tariff delay.
It's All About Tariffs!
Let me break this down for you: On Thursday, Trump dropped a bombshell - 25% tariffs on Mexico and Canada starting today Saturday (Feb 1). BTC had been crushing it at $106K, but that news sent it tumbling 2% down to $104K. Traditional markets took a hit too, but managed to stay green.
Then Friday rolls around, and Reuters gets everyone hyped with news about a possible delay to March 1. But hold your horses! The White House Press Secretary Karoline Leavitt just called BS on that report. Not only did those tariffs happen Saturday, but they're slapping China with a 10% levy too!
Is history repeating itself? You bet! BTC had climbed back up over $106K and was eyeing that juicy $109K all-time high. But nope - this tariff drama sent us spiraling back under $103K. We're looking at a 2.3% drop in the last 24 hours.
Quick Market Check:
- CoinDesk 20 Index is hanging tough, only down 1.3% (thank you ETH, up 1.2%! 🙌)
- Traditional markets are still in the green, but barely hanging on
Stay safe out there, traders! These are wild times! 💎🙌
Until next time, The Dark Sage singing out ✌️
What do you think about these market moves? Drop your thoughts below! 👇
Faucets That Work:
