CHRISTO DE WIT: There is a silver lining to crypto volatility
The Trump-related market correction shows the maturing relationship between cryptocurrency markets and global economic factors
The cryptocurrency market is experiencing significant movement. Over the past week, bitcoin has fluctuated between $105,000 and $96,000, with drastic upswings and downturns. This reflects broader market reactions to US President Donald Trump’s recent trade and monetary policies and the way these increasingly influence digital asset markets.
The immediate catalyst for the crypto market volatility is Trump’s aggressive trade stance, with his announcement of 25% tariffs on Canadian and Mexican imports and 10% tariffs on Chinese goods (these are on hold for now). The measures have sent ripples through global financial markets, with cryptocurrency proving particularly sensitive to the macroeconomic shifts...
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