The US stock markets, Bitcoin and altcoins are trying to claw their way back up from the deep drops seen on Friday following US President Donald Trump’s announcement of a 100% tariff on China. The fall was brutal, resulting in a 24-hour liquidation of about $20 billion, according to CoinGlass data. Several highly leveraged traders, lacking proper risk control, would have faced massive losses. Economist Timothy Peterson told Cointelegraph on Sunday that BTC was likely to enter a “cooling off period” for three to four weeks before resuming its uptrend, albeit “at a slower pace than before.” That has flushed out some of ... (full story)