Cryptocurrencies affected by 'trade war': Bitcoin fell below a critical level!

Crypto News - Donald Trump imposed heavy tariffs on Mexico, Canada, and China in the last 24 hours, which has had a significant impact on cryptocurrencies, at least in the short term. When Donald Trump shared this announcement and implemented it in the last day, other countries retaliated. This situation seems to be turning into a trade war between countries.

China says they will respond with their own measures against Trump's new tariffs. A full-fledged International Trade War has broken out between the US and Canada in the last 24 to 48 hours. This situation creates a lot of uncertainty in the market because it seriously affects businesses in all countries.

If there is a major drop in the stock market, it will affect the cryptocurrency and technology stocks. When there is a lot of uncertainty in the market, high-risk assets become the most affected group. Therefore, at least in the short term, investors should proceed with caution.

When we look at the Bitcoin charts technically, we are still largely within a bull market. However, new signals are beginning to form in the direction of a downturn. There is more upward momentum in the weekly Bitcoin MACD indicator, and this is not a good sign. If we continue to see this loss in the upward momentum, we can confirm a transition showing a downward trend in the next few weeks.

The information in the text is purely informative. It does not constitute any investment advice. The author and kriptoparahaber.com are not responsible for any profit or loss arising from your investments. Ultimately, investment is based on many factors such as knowledge, experience, research, and personal decisions.

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