#USElectronicsTariffs

Tariffs have had no direct impact on cryptocurrencies and crypto companies, but these assets were dragged down by a general risk-off sentiment from investors who see them as highly volatile. The economic uncertainty caused investors to flee risky assets in an attempt to brace themselves for the impacts of a brewing trade war.

“This environment is very much a macro-driven environment,” John Tadaro, an analyst at investment bank Needham & Company, told Fortune. “In the last two weeks, Coinbase and other companies I cover are trading mostly based on tariffs, expectations for fiscal policy, and a general either risk off or risk on sentiment.”