Tariff war is going on. Which started with the hands of Donald Trump. Although we consider this thought of his to be a delusion of a madman. But he stuck to his principles and he mainly for the future good of his country. However, we are not going that way. But now this tariff war is affecting the whole world. Tariffs have been a hot topic of discussion in recent times. Because of this, the world economy has become very drunk. If you look at the global economy, especially the stock market, you will see that the stock market of all countries has collapsed. This collapse was not only limited to the stock market but also affected the crypto market.
[source](https://pixabay.com/photos/finance-currency-business-wealth-3058329/)
But ahead of the US presidential election, crypto investors are hoping that Donald Trump will be elected as president. Because he was cryptocurrency friendly. He gave his plans and election announcements to take crypto to unique heights. He even declared America to be the crypto capital of the world. Moreover, there was a good movement in the market after he was elected as president. Then the price of Bitcoin made a temporary positive increase and made a new all-time high. Even later Trump announced to keep Bitcoin Ether and some other coins as US reserves. However, the current situation in the market is very bad and every coin seems to have hit rock bottom.
At present this situation is greatly affected by the tariff war. Which is basically what Donald Trump has done for a while now. Because he has imposed new tariffs on many countries of the world. Think of a country like Bangladesh with a 37 percent tariff. Donald Trump even announced a 34 percent tariff hike on China and China did not sit in protest, but as a protest, China said that they will impose 34 percent tariff on American products as well. Donald Trump did not like China's protest at all. Recently, Trump has been very angry after seeing this action of China. He announced that if China does not withdraw from such activities or their actions, then a new 50 percent tariff will be imposed on China. Their tariff war has affected the entire stock market to the entire crypto market.
Although there is no negative news in the market at the moment. However, the impact of Israel's massacre of innocent people in Gaza is not affecting the crypto market. But it seems to me that the current situation in the market is very much pre-planned. Basically, big whales are trying to achieve a specific goal by planning this. So right now we have to wait and see when the tariff war ends. If this issue is resolved and Bitcoin dominance drops a bit to fifty percent or below then we will see a lot of good in the market. Although at this moment everything cannot be said exactly when the altcoin season is going to start. But hopefully something good is going to happen in the market soon. I see we have to be patient till now. Besides, we have no alternative.
