Donald Trump new tariff system is shaking global markets. In particular, the crypto market was in a blood bath in the early Asia hours, with BTC and ETH falling above 6% and 20% respectively. With more than $2.2 billion in crypto liquidations in the last 24 hours, the total market cap fell by over 11%.
Trump’s tariff system not only tumbled the crypto market but also led to the loss of his family’s World Liberty Financial (WLF) investments. Since its launch, WLF invested in various established cryptocurrencies such as Ether, wrapped Bitcoin, Ethena, Aave, Chainlik, and Tron.
Even on the day of Trump’s inauguration as the 47th President, WLF purchased an additional $112.8 million worth of crypto. The total holdings of the project are 54 million USDC, 456.7 wBTC, 19,399 AAVE, 19.3M TRX, 5.8M ENA, 256,315 LINK, 4,747 stETH. As the entire crypto market is down today, WLF’s crypto portfolio lost more than $50 million. #TRUMP #cryptouniverseofficial #wlf #BTC #USDC