On April 16, 2025, Governor Gavin Newsom announced that California is preparing to sue former President Trump due to tariffs. Newsom emphasized the importance of using the state’s market power to contest what he refers to as a significant tax increase.
These tariffs have introduced macroeconomic uncertainty, influencing investor sentiment in the crypto market. Despite Bitcoin’s current price of 83,938.08 USD and a market cap of 1.67 trillion USD, the sentiment is generally negative, highlighting the broader challenges in cryptocurrency investment.
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