Market Analysis:
On January 20th, BTC and ETH, the two main mainstream cryptocurrencies, continued their weakness from the 19th. In the morning, a double shock from escalating US-EU tariff tensions and hawkish signals from the Federal Reserve, combined with capital siphoning from MEME coins, led to a sharp decline and approached previous support levels. The short-term bearish trend intensified, and market sentiment turned fearful.
Macroeconomic aspects:
1. Trump insisted on imposing additional tariffs on eight European countries (10% starting February 1, 2024, and 25% from June), and threatene
View Original