Yesterday morning's sudden news caused a frenzy across the crypto community—there was a major adjustment in a country's tariff policy.
What exactly happened? The tariffs on some goods were directly eliminated starting November 10, and the overall tax rate was cut from 54% to 40%. This is not a routine move; the precise timing down to the minute indicates they are serious this time.
How quickly did the market react? BTC was still hovering around $101,000, but once the news broke, it shot above $102,000. ETH was even more aggressive, breaking through the $3,200 mark and rushing past $3,300. Although it pulled back later, the surge in volume clearly shows that big funds are rebalancing.
Everyone is now watching another thing: when will the U.S. government shutdown end? If it gets resolved this week, the several hundred billion dollars of liquidity frozen in the TGA account could flood into the market at any time.
Honestly, the $100,000 level now feels quite delicate. Many see it as a trend reversal, but some believe it’s just the last chip exchange before a policy shift. What’s your take?
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JustHereForMemes
· 11-08 07:55
Another opportunity to make profits! Let's go!
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ImaginaryWhale
· 11-06 12:34
You’ve got to go all in with this kind of market.
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AirdropHarvester
· 11-05 08:53
Oh dear, I've been working for a year for nothing.
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TokenVelocity
· 11-05 08:41
Ah, here comes another big move.
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PaperHandsCriminal
· 11-05 08:25
I laughed to death. I just cut loss the day before yesterday, and now it’s rising like crazy. Such is life.
Yesterday morning's sudden news caused a frenzy across the crypto community—there was a major adjustment in a country's tariff policy.
What exactly happened? The tariffs on some goods were directly eliminated starting November 10, and the overall tax rate was cut from 54% to 40%. This is not a routine move; the precise timing down to the minute indicates they are serious this time.
How quickly did the market react? BTC was still hovering around $101,000, but once the news broke, it shot above $102,000. ETH was even more aggressive, breaking through the $3,200 mark and rushing past $3,300. Although it pulled back later, the surge in volume clearly shows that big funds are rebalancing.
Everyone is now watching another thing: when will the U.S. government shutdown end? If it gets resolved this week, the several hundred billion dollars of liquidity frozen in the TGA account could flood into the market at any time.
Honestly, the $100,000 level now feels quite delicate. Many see it as a trend reversal, but some believe it’s just the last chip exchange before a policy shift. What’s your take?