In the midst of the uncertainty surrounding Donald Trump’s trade war, the crypto market has been experiencing chaos as investors choose to sell their altcoins. However, there has been a significant recovery in the market since Trump announced a pause on tariffs for smartphones and electronics. Despite this, concerns have resurfaced among investors following Trump’s recent statement that “no country is getting off the hook.”
As the US-China trade war continues, Bitcoin and altcoins have faced a significant downtrend as investors have opted to sell off their assets. Trump’s recent announcement regarding tariffs on smartphones and electronics has only added to the uncertainty. According to Commerce Secretary Howard Lutnick, electronics are only exempted from reciprocal tariffs but will soon be included in the semiconductor tariff. This, coupled with Trump’s announcement of a national security tariff investigation in the semiconductor and electronics supply chain, has led to further volatility in the market.
With tariffs on Chinese goods rising to 145% in the US and China retaliating with 125% tariffs on US goods, the addition of new tariffs could bring even more volatility to the market. This could affect not only struggling cryptocurrencies but also those that are performing well. As a result, investors may need to consider selling off cryptocurrencies that are struggling or facing high volatility in the face of these new uncertainties.
Three altcoins that investors may want to consider selling due to upcoming token unlocks and market volatility are TRUMP, ARB, and STRK. The token unlocks for these cryptocurrencies, which amount to over a billion tokens in total, could potentially lead to a crash in prices due to increased liquidity and decreased demand. With TRUMP already struggling on the charts and the upcoming unlocks for ARB and STRK, it may be advisable for investors to consider selling these altcoins in the current market climate.
In conclusion, the current state of the crypto market is being heavily influenced by the uncertainty surrounding Donald Trump’s trade war and the implications of tariffs on smartphones and electronics. This has led to increased volatility and fear among investors, resulting in a trend of selling off altcoins. With upcoming token unlocks and further tariffs on the horizon, certain altcoins may face additional downtrends, making it crucial for investors to carefully consider their cryptocurrency holdings and make informed decisions about when to sell in order to minimize potential losses.
