The cryptocurrency market experienced a notable surge on Thursday following an announcement by former President Donald Trump regarding tariffs. Trump revealed that he would be halting the imposition of higher tariffs on all countries except for China. In the case of China, the tariffs were raised to 125%, a move that has sparked concerns among global leaders and raised fears of a looming recession.
The decision to increase tariffs on Chinese goods to such a high percentage has raised eyebrows across the international community, as it could potentially escalate the ongoing trade tensions between the US and China. The market volatility resulting from the tariff hike has left investors on edge and seeking alternative investment opportunities, with many turning to cryptocurrencies as a safe haven asset.
In response to the heightened economic uncertainty brought about by the tariff increase
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