🟦The sudden introduction of 50% U.S. tariffs on Indian oil imports has sent shockwaves through global financial markets. The Indian rupee plunged to an all-time low, while investors rushed into the U.S. dollar, adding pressure on risk assets and tightening liquidity worldwide.
🟦Cryptocurrencies were not spared: Bitcoin dropped 2.82%, falling below $110,000, followed by declines across other major digital assets. Market participants are reassessing the new economic risks, which could lead to further price swings and shifts in investment strategies.