With macro conditions in flux, crypto remains tightly linked to equities, with price action reflecting broader economic shifts.”The wild swings underscore the volatility ahead for cryptocurrencies—often seen as high-risk assets—as the Trump administration tests the limits of economic and foreign policy and serves as a cautionary tale as uncertainty pervades markets. In a post on X, former US Treasury Secretary Lawrence Summers said that […] tariff policy has already taken $2 trillion off the value of the US stock market,” and Summers suggested that these measures were “ill-conceived” and that they would undermine US competitiveness.“No wonder Wall Street’s fear gauge is up by one-third.”Volatility index (VIX) price action.Source: Yahoo! Finance.
They initially caused a drawdown—tariffs caught a market that was long at the top and over-leveraged looking for an exciting move—but that was a correlation, not the causation.” Related: 3 reasons why Bitcoin sells off on Trump tariff newsWalden points to Trump’s fiscal austerity program as the real driver of crypto markets.“That is what everyone’s looking at in the TradFi space.
Tariffs are just another piece in the fiscal austerity trade that’s happening across global markets—that is actually what’s influencing crypto a lot more, as fiscal austerity means less cash out there to deploy.”This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice.
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Author / Journalist: Cointelegraph by David Feliba
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