Ether, altcoins dive double digits as Trump tariffs take further toll
Ether, Cardano, Avalanche, XRP, Chainlink and Dogecoin all dropped over 20% over the past 23 hours after US President Donald Trump imposed his first round of tariffs.
Ether, Cardano, Avalanche, XRP, Chainlink and Dogecoin all dropped over 20% over the past 23 hours after US President Donald Trump imposed his first round of tariffs.
Wyoming Senator Cynthia Lummis suggested Donald Trump’s executive order creating a US sovereign wealth fund was a “big deal” for Bitcoin.
Scott Bessent, who has been in office for less than a week as US Treasury Secretary, will also take on the role of acting director of the Consumer Financial Protection Bureau.
Uphold resumes staking in the UK post-regulatory changes, India signals a potential crypto policy shift and Kraken prepares to delist USDT in Europe.
Through a recent acquisition, Kraken is now allowed to offer derivative products across the European Union.
The Indian government has a reputation for being harsh on crypto, but a regulatory sea change in the United States may cause a pivot.
"This is undoubtedly my highest conviction macro trade for the year," Bitwise executive and analyst Jeff Park wrote on social media.
Bitcoin has dropped below $100,000 for the first time since Jan. 27 following Donald Trump imposing import tariffs on goods from China, Canada, and Mexico — which triggered immediate responses from the three countries.
The adoption of Bitcoin as a strategic asset by smaller nation-states may be the catalyst that drives bigger countries to follow suit.
Kraken will delist Tether’s USDT and four other stablecoins in Europe to comply with MiCA regulations, following a phased approach to minimize market disruptions.