Big news this week! The stock market is a bit wobbly because of some trade disagreements between countries. President Trump's plans to add taxes on goods from other countries (called tariffs) have everyone guessing what will happen next. But there's some good news for cryptocurrencies!
- Tariffs are like extra taxes on things we buy from other countries.
- The stock market (where companies' shares are bought and sold) went down a bit last month because of this uncertainty.
- Bitcoin, a type of cryptocurrency, went up by 10% after President Trump announced a plan to create a U.S. crypto reserve.
Currency | Price Change |
---|---|
Bitcoin | +10% (to nearly $94,000) |
S&P 500 | -1.4% in February |
Dow Jones | -1.6% in February |
Nasdaq | -4% in February |