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Trump's Tariffs Spark Crypto Market Dip, DexBoss Presale Surges

Coin WorldMonday, Feb 10, 2025 9:48 am ET

1min read

The crypto market experienced a temporary dip following President Donald Trump’s announcement of 25% steel and aluminum import tariffs. The Associated Press reported Trump’s declaration that all steel imported into the United States must pay the new tariff. He also promised reciprocal tariffs on countries imposing import fees on U.S. goods, adding, “If they are charging us 130% and we’re charging them nothing, it’s not going to stay that way.”

After Trump’s announcement, Bitcoin declined to $94,000 before returning to $97,000 per CoinMarketCap. The market declined sharply upon receiving the news but Bitcoin alongside other cryptocurrencies has shown a recovering trend which reflects stability.

Despite fluctuations across broader markets, DexBoss, a decentralized trading platform, has been strong in its presale. The project has successfully raised 560,360 in presale funding out of the $750,000 target. This represents a progress rate of 75% within a very short time.

With a presale price of $0.011, the DEBO token is scheduled to launch at $0.0505 making it an attractive prospect for early investors looking to hit hard. Real-time order execution, customized charts, futures trading, and the ability to give leverage, are all features that both new and experienced traders will find interesting to use on the DexBoss platform. The platform appeals to a large trader audience with the availability of these tools, making it a flexible and efficient platform for DeFi activities. Moreover, there is a built-in fiat-to-crypto system that enables users to transform traditional currencies into digital assets on DexBoss. This is enabled through partnerships with existing financial providers.

DexBoss is designed to offer access to over 2,000 cryptocurrencies, giving users a diverse trading experience. Its deflationary token model ensures that transaction fees are burned, reducing supply over time and creating the potential for increased token value. This approach aligns with its goal of providing sustainable growth opportunities for investors.

The platform’s roadmap includes the launch of AI-driven trading insights and staking options with appealing annual percentage yields (APYs). These features aim to attract long-term investors seeking passive income opportunities. Additionally, DexBoss is working on cross-chain functionality, allowing users to trade assets across different blockchain networks.

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.