By Omkar Godbole (All times ET unless indicated otherwise)
Tariff uncertainty is back to haunt markets, and it’s no surprise bitcoin traders are chasing downside protection.
On Friday, the U.S. Supreme Court ruled against President Donald Trump’s emergency tariffs from April last year. Within a few hours, Trump had announced fresh tariffs, invoking a law that allows an import levy of up to 15% for 150 days to address “international payment problems.”
That’s confirmation the president still sees “tariffs” as the most beautiful word in the English dictionary. It also means trade-related uncertainty is here to stay, posing a headwind to risk assets, including bitcoin.
Bitcoin traders reacted accordingly. Since Friday, put options…
