patrickc

🔥Very hot news: U.S. President Donald Trump unexpectedly retracts threat of tariffs on Europe. 👉 At the World Economic Forum in Davos, Trump unexpectedly retracted the tariff threat, stating that a “framework agreement” is nearly finalized, and therefore he will not impose tariffs as planned. 📈 Immediate impact on financial markets U.S. stocks (Dow, S&P 500, Nasdaq) rose again after news of Trump “backing down on tariffs.” The USD appreciated against the euro and Swiss franc — partly due to reduced political risk. Bond indices and other securities also received support thanks to the “decreased uncertainty” sentiment. When news of de-escalation (retraction of tariffs) surfaced, market sentiment became less fearful: • Many traders & funds may shift capital back to crypto as a riskier asset. • This is a common reason when traditional markets stabilize: crypto rebounds alongside stock/risk assets. 🔥But pay attention: No fundamental changes in crypto. The important thing is: • This political decision doesn’t change the fundamental factors specific to the cryptocurrency market such as: • Supply and demand of BTC/ETH • On-chain status • Crypto regulations • Legal/ regulatory sentiment of countries Thus, this impact is short-term, sentiment & capital flows, and does not create a long-term “revolution.” I will update when there are changes for you all. Good luck #TrumpCancelsEUTariffThreat @Binance Square Official $BTC $ETH $SOL