The cryptocurrencies and relevant shares rose on Wednesday after President Donald Trump announced 90 days stopped For most countries, it caught in the policy of comprehensive tariffs.
The rise is a sudden change in the encryption space as a whole, which has suffered from significant decreases during the past few weeks amid tariff disorders. Coinbase The shares fell 15 % in the days after “Tahrir’s Day” advertisement From drawing on almost all trading partners in the United States. Bitcoin, Ethereum and XRP decreased by 10 % and 20 % and 22 % respectively.
But hours after the Trump tariff on Wednesday, the president posted on his Truth Social platform that he had authorized a temporary stop for 90 days on some customs tariffs and “a largely low mutual tariff during this period of 10 %.” However, China is the exception, and Trump announced new definitions on the country that increased the total fees on products from this country to 125 %.
This individual position sent shares to traditional markets. Galaxy Digital increased by 18 % in the hours that have passed on Trump’s reflection, where investors breathe. Bitcoin mining companies are riots and Maara Holdings also since reflection. Bitcoin, ethereum and XRP currencies increased by 5 %, 9 % and 9 %, respectively.
The animation had no direct impact on cryptocurrencies and encryption companies, but these assets were withdrawn by a general feeling of risks from the investors they see as a very volatile. The economic uncertainty of investors escaping the risky assets in an attempt to prepare for the effects of a breeding trade war.
“This environment is an overall paid environment,” said John Tadaro, an analyst at Bank Needham & Company. luck. “In the last two weeks, Coinbase and other companies that mostly cover them are traded on customs tariffs, financial policy expectations, and the general is either risks or risking feelings.”
Although Crypto has been severely wounded by customs tariffs, uncertainty about the major fees imposed by the United States on other countries have been frequent across the entire financial system.
It is expected that the high definitions of the price of goods will increase by disrupting global supply chains and increasing inflation. Wednesday, Fears of “serious liquidity issuesAdded to pressure on financial markets, and pay investors and economists to Raising About the potential catastrophic consequences of the American economy.
This story was originally shown on Fortune.com
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