Crypto Market Shaken: Tariff War Hits ETH, XRP, And SOL Hard
The cryptocurrency market experienced a significant rally over the weekend, sparked by President Donald Trump’s announcement regarding the inclusion of three additional digital assets—Solana (SOL), XRP, and Cardano (ADA)—in a future national “Crypto Strategic Reserve.” This news provided a much-needed respite for the market, which had been grappling with a downturn due to a series of challenges, including a memecoin debacle, a major hack, and ongoing tariff uncertainties. Short-Lived Crypto Rally Initially, president Donald Trump’s announcement led to impressive....
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Any crypto investor’s first thought this morning was, ‘What in the world?’. Bitcoin ($BTC) lost 8%, and many of the best altcoins plunged over 20%, including Ethereum ($ETH), which dropped to $2.4K for the first time since July 2024. It’s hard to find a crypto that hasn’t suffered the effects of Trump’s tariff war with […]
According to Arthur Hayes, former BitMEX CEO and current CIO of Maelstrom, the latest tariff threats from President Donald Trump are just noise when it comes to Bitcoin’s trajectory. With new tariffs on Canadian and Mexican goods, as well as Chinese cars, set to take effect on April 2, markets are understandably jittery. However, Hayes […]
Crypto asset investment products experienced net outflows of $240 million over the past week, according to the latest report from CoinShares. The trend reflects ongoing investor caution amid global economic headwinds, particularly surrounding recent US trade tariff announcements, which have raised concerns about future economic growth. Related Reading: Crypto Set To Boom As Tariffs Accelerate […]
Robert Le at PitchBook predicts crypto VC funding to hit $18B in 2025. That’s 50% more than the $12B the industry saw in 2024 but still far from the $30B invested in 2021. A year of crypto 2023 was not. FTX collapse eroded venture capitalist trust (frankly, it has shaken the confidence even of die-hard […]
Speculation over a purported White House plan to pause tariffs for ninety days on all countries except China sent markets into a frenzy earlier today, triggering abrupt price reversals across equities, Bitcoin and cryptocurrencies. In a quick-fire series of conflicting updates, the rumor initially floated at around 10:10 AM ET, sparked momentum in risk assets, and was eventually deemed “fake news” by the White House. The Kobeissi Letter (@KobeissiLetter) described the chronology on X, noting: “What just happened? At 10:10 AM ET, rumors emerged that the White House was considering a ‘90-day....