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Ether Leads Latest Crypto Selloff as Trump Ramps Up Trade War
Second-ranked cryptocurrency Ether led a fresh wave of selling in digital assets as US President Donald Trump insisted on pushing ahead with 104% tariffs on many Chinese goods, dimming hopes that a brutal trade war might be avoided. Ether fell more than 6% on Wednesday to hit its lowest intra-day level since March 2023 before trimming losses to trade at $1,432 at 9.51 a.m. in Singapore. Bitcoin, the largest cryptocurrency, dropped more than 3% before regaining some ground. Trump and top administration officials on Tuesday signaled the US was open to dealmaking that could reduce or eliminate higher tariffs on dozens ... (full story)
