Crypto Stays Resilient as Trump Tariffs Rattle Global Markets
Markets plunged into turmoil after U.S. President Donald Trump unveiled a sweeping set of tariffs aimed at reshaping global trade. But while equities unraveled and volatility spiked, crypto assets largely held their ground—underscoring their growing distinction from broader risk markets.
The White House announced a blanket 10% tariff on all U.S. imports alongside “reciprocal” duties targeting trade surplus countries. The policy sparked a brutal selloff in equities: the S&P 500 dropped 4.84%, the Nasdaq slid 5.5%, and the Russell 2000 fell 6.5%, now teetering on bear market territory.
Bitcoin (BTC) initially sold off, dropping from an intraday high of $88,000 to as low as $81.2K, before finding a foothold. As of Thursday…
