Cryptocurrency Daily Thefoxposts.com

President Trump’s official memecoin (TRUMP) is about to go through a massive token unlock worth about $341 million. According to crypto tokenomics data aggregator Tokenomist, 40 million TRUMP tokens will be unlocked on the open market on April 18th. With 199 million TRUMP tokens currently in circulation, the unlock represents about 20% of the memecoin’s circulating supply. TRUMP currently has a market cap of $1.69 billion and a fully diluted valuation (FDV) of $8.48 billion. Token unlocks are often considered bearish for crypto assets, given that new supply will soon be available and sell pressure may be higher. Like most digital assets, TRUMP suffered recently following the escalation of the president’s trade war, starting when he signed an executive order that slapped tariffs on all imported goods entering the US with the stated goal of protecting domestic manufacturing. Despite the unlock, cryptocurrency trader and analyst Ali Martinez is l...

The currency narratives are now changing with the world order shifting towards embracing a diverse financial system. This system includes the rise of local currencies giving stiff competition to the dollar, and vice versa. At the same time, the aggressive US tariff regime continues to jolt world economies, with the Chinese yuan and US dollar taking maximum hits out of the lot. What’s up with both the currencies lately? Let’s find out. Also Read: This Asset May Outlive The US Dollar: Bitwise Strategy Head CNY Dips To An All-Time Low Source: Reuters . The Chinese Yuan has dipped massively due to the recent US tariff regime. President Donald Trump has levied 34% tariffs on China, which pushed the Chinese currency to fall dramatically against the US dollar. In response to this, Beijing is “ready to fight till the end” and has levied counter-tariffs, sparking rising trade war narratives and pushing the currencies further down. The US has once again responded to the current Chines...

The president of the United States, Donald Trump, on April 2nd unveiled a comprehensive list of reciprocal tariffs on nations. The announcement consisted of tariff details, with percentages of tariffs that the US has levied on them. The development has sparked global outrage, with nations hitting back at the US with scathing responses, adding more fuel to the fire. At the same time, the active trade war tensions are also spreading mayhem in the process, hitting the US dollar in a major blow. Also Read: Tesla (TSLA) vs Ford (F) Stock Battle — $487.93 Target Meets 25% Tariff Impact 36 Nations Respond To The US Tariff Spree Source: Watcher Guru April 2nd, touted as Liberation Day by President Donald Trump, has turned into a global chaos day. Trump unveiled a fresh list of tariffs on global nations, levying discounted tariffs on nations, sparking a global outcry. Many nations have condemned Trump’s trade policies, adding how this may end up impacting age-old global trade routes and es...

Donald Trump is back in the White House and is now adamant on introducing a new import tariff regime to bolster the US economy. While Trump’s intent is entirely focused on strengthening the US manufacturing units with a special emphasis on boosting the productivity of the nation, his aggressive tariff policies are impacting world economics, brewing a trade war in the process. Will this development furthermore boost the rising de-dollarization drives impacting major US industries and units? Let’s find out. Also Read: Litecoin (LTC) Transactions Surge 200%, Is a Major Rally to $200 Next? Is US Bolstering De-Dollarization? Donald Trump is leaving no stone unturned to revamp the US economy and lost fortunes. In this quest, Trump is levying heavy tariffs on multiple nations, including the BRICS bloc, which are known exclusively for initiating de-dollarization. “On trade, I have decided, for purposes of fairness, that I will charge a RECIPROCAL tariff, meaning whatever countries charge ...