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Bitcoin, Ethereum, Binance Coin, and other mainstream cryptocurrencies experienced fluctuations amid changing US-EU trade dynamics, with the latest news bringing a turning point.
Trump suddenly changed his stance — the 10% tariffs originally scheduled to be imposed on EU countries starting February 1st have now been fully canceled. This decision was made after his dialogue with NATO Secretary General Stoltenberg. The official explanation is to "improve trade relations with the EU," and the ongoing negotiations on the "Greenland Framework Agreement" also laid the groundwork for this policy shift.
In other words, the new tariff plan scheduled for next week is now void. The tense trade relationship between the US and EU has finally eased a bit.
For the market, such policy reversals often lead to price adjustments in risk assets. The crypto market remains highly sensitive to geopolitical and trade developments, and investors are digesting the potential impact of this sudden news on the market. When policy uncertainties will stabilize remains to be seen, and ongoing observation is necessary.