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Bitcoin Rocked by Trump Tariffs
Bitcoin volatility is one of the key focus points for traders at the start of the new week. The futures market gapped lower by almost 10% at the weekly open last night as risk assets plunged in response to news of Trump imposing 25% tariffs on Mexican and Canadian goods and a 10% tariff on Chinese goods. A subsequent spike higher in the US Dollar has seen commodities and equities prices tanking across the board, putting heavy downward pressure on the crypto market. Canada and Mexico have immediately responded with their own tariffs on US goods while China has openly criticised the move and called for dialogue. The ... (full story)
