#BinanceRocks According to Bernstein analysts, the new tariffs have strengthened the dollar and raised inflation expectations, making near-term interest rate cuts less likely. This has tightened global liquidity, which has weighed on risk assets, including cryptocurrencies. “In the short term, Bitcoin and cryptocurrency markets are correlated with risk assets, especially over the weekend, with cryptocurrencies being the only measure of risk. Therefore, the crypto sell-off is not surprising,” said analysts led by Gautam Chughtai.