The tariff war has exacerbated economic concerns, causing a sell-off in the cryptocurrency market
2025-03-10 19:00:48
Cryptocurrency prices continued to fall, with bitcoin falling to its lowest level since November, as escalating tariff war tensions stoked concerns about the economy, offsetting US President Donald Trump's pro-cryptocurrency statement last week. Risk assets such as cryptocurrencies have come under pressure amid fears that Trump's tariffs and government firings will derail US economic growth. US stocks slipped and Treasuries rallied as investors sought a safe haven. "While Trump's announcement on cryptocurrency strategic reserves initially boosted optimism, the rally quickly unraveled as macroeconomic conditions worsened and markets sold off aggressively," said Nikolay Karpenko, head of B2C2.
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