Why Trade Policy Shocks Are Hitting Cryptocurrencies First

The sharp drop in cryptocurrencies has become part of a broader wave of investor withdrawal from risky assets following U.S. President Donald Trump’s statements about his intention to impose new trade duties on eight European countries. In the Asian session, Bitcoin dropped below $92,000, while the Ethereum price fell by more than 5% and Solana [...]The post Why Trade Policy Shocks Are Hitting Cryptocurrencies First appeared first on Tekedia.