Bitcoin's Tug-of-War: Tariffs, Trump, and the Crypto Rollercoaster
The crypto market just took a hit after President Trump enacted global tariffs, rattling both stocks and digital assets. Bitcoin dipped to $83K, while Ethereum and Solana suffered sharper declines. Interestingly, Trump’s own memecoin led the slide, dropping 12%.
But here’s the kicker: while short-term volatility is shaking things up, traders are now betting big on Fed rate cuts, which could spark another rally.
Meanwhile, lawmakers are pushing the Stable Act, aiming to bring more transparency and oversight to stablecoins. The bill is facing pushback, especially given Trump's financial interests in World Liberty Financial’s USD1 stablecoin.
⚠️ Disclaimer: This is not financial advice. Always do your own research before investing in crypto or any other asset. Markets are unpredictable, and past performance does not guarantee future results.
What’s your take? Will tariffs tank crypto, or is this just another short-term shakeout?
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