Chance of Bitcoin Tanking to $75K Doubles as Trump's Tariffs Ignite Trade War, Derive's Onchain Options Market Shows

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CoinDesk 15h ago

Chance of Bitcoin Tanking to $75K Doubles as Trump's Tariffs Ignite Trade War, Derive's Onchain Options Market Shows - CoinDesk

Quick Summary:

The probability has doubled from last week as the renewed trade war between the U.S.and its major trading partners threatens to inject inflation into the global economy.

ETH, the second-largest cryptocurrency by market value, fell below $2,200 early Monday, the lowest since Aug.5.

The broader outlook, however, remains constructive, according to Derive.