Donald Trump's decision to impose tariffs on imports from Canada, Mexico, and China led to a steep drop in bitcoin and broader equity markets on Monday.$XRP XRP, $DOGE coin regressed after China announced retaliatory tariffs on U.S.
Crypto traders are still mixed on the long-term impact of China's clapback to U.S. tariffs.Crypto majors zoomed as much as 20%, before reversing, in the past 24 hours as a buy-the-dip strategy following Monday’s $2.2 billion turned profitable for risk-takers, although gains were wiped as China announced retaliatory tariffs on the U.S.
The bump saw a pull back during the Asian morning hours as the deadline for the U.S. to impose additional tariffs on China passed without an agreement.
