The announcement of Trump's tariffs last week caused a significant amount of liquidation in the crypto market, highlighting the sector's sensitivity to political risks. The liquidations were estimated to be around $8 billion to $10 billion. This event demonstrated the influence Trump has on crypto asset markets. The traditional markets also experienced a decline, but not as severe as the crypto market. Despite the tariffs being delayed and tensions easing, crypto markets have continued to decrease. Three factors contributing to this are concerns of further downside, the possibility of more tariff news, and market fatigue. However, this is seen as an opportunity to start considering potential investments. It is noted that bitcoin and ethereum reserves on centralized exchanges have decreased, indicating accumulation rather than selling, which is viewed as a bullish sign.



Other News from Today