Trade war escalates crypto market downturn amid President Trump’s new tariff announcement
- The cryptocurrency market has lost $250 billion in market capitalization since Trump’s tariff announcement.
- President Donald Trump threatened an additional 50% tariff on China as the global trade war escalates.
- The crypto market could see a quick recovery if international trading partners reach a trade settlement with the US.
The cryptocurrency market extended its decline on Monday, stretching its market capitalization loss to $250 billion since the US slapped tariffs on international trading partners. The market looks set for further downside pressure as President Donald Trump threatened to add an extra 50% levy on China.
Bitcoin, crypto market dips further as trade war intensifies
The crypto market witnessed a rough…
