The crypto market experienced pressure on Saturday, following U.S. tariff threats that led to market turbulence. President Trump's executive order imposing tariffs on imports from Mexico, Canada, and China caused sell-offs across equities and digital assets. Additionally, over 700 fraudulent tokens using Trump's name have flooded the crypto markets, further eroding investor confidence. Rumors of Kanye West launching a token did not boost market activity. Analysts believe that the market's future movements will depend on the escalation of tariff threats and how investors respond to the regulatory uncertainty surrounding meme coins.
Content Editor ( crypto.news )
- 2025-02-08
Crypto market turns red as Trump, US tariff threats linger
