US Ether ETFs shattered records with $1.5 billion in trading volume Monday, as Trump’s tariff threats sparked panic across crypto markets. Ethereum (ETH) tanked 27% to $2,135, triggering over $600 million in liquidations. BlackRock’s iShares Ethereum Trust dominated the chaos, grabbing nearly half the trades.
While ETH nosedived, bold investors poured $84 million into Ether ETFs, betting on a rebound. Institutional players stayed in the game, with CME’s Ether futures open interest jumping 6%.
Trump’s Trade War Wreaks Havoc
Trump’s trade war with China, Mexico, and Canada sent shockwaves through the market. A temporary tariff delay slowed the bloodbath, but volatility ruled. Bitcoin dipped from $105,000 to $92,000, rebounding to $98,913.30 after Trump eased up on Mexico and Canada. Altcoins like Dogecoin and even Trump’s meme coin got crushed, the latter dropping 75% to $19.
Crypto at Trump’s Mercy
Trump’s so-called pro-crypto stance now feels like a double-edged sword. His unpredictable policies have turned markets into a battlefield, leaving traders on edge. As trade wars escalate, the question remains—can crypto survive Trump’s chaos?
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