Hello Family 👷♂️👷♀️ #bearishmomentum #DutiesAndTariffs #Write2Earn
Why is there this collapse of most cryptocurrencies?
Duties-Duties-Duties-Duties-Duties
1) Tensions over tariffs and Greenland: The global uncertainty is fueled by President Trump's threats to impose a 10% tariff on several European countries related to the dispute over the purchase of Greenland. This has sparked fears of a trade war between the United States and the European Union. 🇪🇺🆚️🇺🇸
2) Flight to safe assets: Investors are abandoning risky assets (risk-off) in favor of gold and silver, which have reached new historical highs (gold has surpassed $4,700 an ounce).🥇🥈
3) Massive liquidations: In just the last 24 hours, about $790 million in long positions on Bitcoin have been liquidated, accelerating the price drop.💰💸
4) Instability in Japan: Panic in the Japanese bond market, with 30-year bond yields at historic highs, is draining liquidity from digital markets. 🤕🤒🥵
