USA and EU on the brink of a trade war
• Trump threatens to impose a 10% tariff on imports from Europe if the USA does not allow the purchase of Greenland (increasing to 25% by June)
• The EU is preparing retaliatory measures amounting to $108 billion (direct tariffs and restrictions for American companies)
• Investors are moving to safe assets: gold, bonds, yen, and Swiss franc are rising
• The dollar is weakening amid uncertainty, Bitcoin is declining following the overall risk-off sentiment
As long as political tensions persist, pressure on Bitcoin may continue.