Trump's Tariffs Are Brutalizing the Crypto Industry
Donald Trump's sweeping tariffs have scythed through all sectors of the economy — including crypto, a market that the sitting president was hailed as a savior of. On Thursday, the morning after Trump signed an executive order enacting his "Liberation Day" tariffs, blockchain assets across the board slumped considerably, as a mass sell-off ensued. Bitcoin, the largest cryptocurrency, fell by 4.2 percent down to about $82,200, according to Coin Desk data, liberating nearly $6,000 in value. Ether, meanwhile, tumbled by 5.6 percent, sitting at $1,700. The downturn reverberated through major crypto entities. Among exchanges, Reuters reports, Coinbase Global fell by […]
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