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Tariff Turbulence Hits Crypto: Short-Term Volatility Masks Potential Long-Term Gains
As President Donald Trump’s latest tariff announcements sent shock waves through global markets, the cryptocurrency sector found itself caught in the crossfire, raising questions about the long-term implications for crypto and blockchain. The immediate reaction in the crypto market was one of volatility. Bitcoin fell as much as 5% from its recent highs to trade around $82,000. Ethereum and other major cryptocurrencies also suffered losses, with Ethereum dropping below $1,800. This volatility led to liquidations in crypto futures totaling over $450 million in the past 24 hours. The sell-off reflects a broader ... (full story)
