Crypto is expected to face more volatility as President Donald Trump escalates trade tensions by imposing tariffs on countries like Canada, Mexico, and China. Analysts suggest that the uncertainties surrounding the trade war and inflation concerns are impacting various assets such as equities, gold, oil, and cryptocurrencies. QCP Capital believes that the uncertainty will persist as Trump plans talks with Canada, Mexico, and potentially the European Union, indicating that new tariffs are likely. The analysts also highlight a decorrelation between different assets, suggesting that the recent risk-off sentiment is driven by portfolio rebalancing rather than a specific event.



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