Recently, Trump announced a tariff bill that has attracted global attention, proposing tariffs of up to 35% on multiple economies including the EU, Canada, India, Taiwan, and Japan. This move has triggered severe turbulence in the global financial markets and is seen as a potential sign of the beginning of a new round of economic cold war.



As a result, the US stock market experienced a significant decline, with the Dow Jones Industrial Average dropping more than 250 points, and the S&P 500 and Nasdaq indices also showing a gap down. The cryptocurrency market similarly was not spared, with Bitcoin prices falling, and mainstream cryptocurrencies such as Ethereum, Solana, and XRP experiencing declines ranging from 2% to 5%.

However, market fluctuations often hold opportunities. As traditional financial markets are turbulent due to policy uncertainties, some investors have begun to turn their attention to non-sovereign assets. Cryptocurrencies, as a decentralized digital asset, may attract more funds seeking a safe haven in such an environment.

Although the market may continue to fluctuate in the short term, in the long run, this could be the starting point for the cryptocurrency market to enter the next upward cycle. For investors who hold a long-term optimistic view of the cryptocurrency market, the current market adjustment may provide a good entry opportunity.

However, investors should also keep in mind that the cryptocurrency market is highly volatile and uncertain, and any investment decision should be based on a thorough understanding of the risks involved. When considering an investment, one should carefully assess their own risk tolerance and ensure proper asset allocation and risk management.
TRUMP6.24%
BTC1.97%
ETH3.31%
SOL6.17%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
GateUser-4745f9cevip
· 08-02 09:20
Trump is stirring things up again.
View OriginalReply0
SchroedingerGasvip
· 08-02 08:35
big dump is an opportunity, just buy it.
View OriginalReply0
CounterIndicatorvip
· 08-01 09:35
fell again, long positions are doomed
View OriginalReply0
DYORMastervip
· 08-01 09:34
Does anyone really think it's a fall? This is called a pullback, do you understand?
View OriginalReply0
CryptoDouble-O-Sevenvip
· 08-01 09:24
Old Chuan has really gone big this time.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)