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Crypto Investors React to Trump’s Tariffs Announcement: Here’s What Happened

  • The trade tariffs confirmation announcement by United States President Donald Trump on April 2 triggered a flurry of reactions from cryptocurrency investors, who anticipated market turbulence driven by the policy change.
  • Investors rushed to transfer their BTC, ETH, and XRP to crypto exchanges in preparation for potential sell-offs driven by economic uncertainty.
  • During the press conference, BTC, ETH, and XRP experienced price declines, indicating that investors did sell their holdings.
  • Demand for BTC and ETH in the perpetual futures market decreased, with traders closing their positions to take profits during the conference.

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