304 days ago
After a day that started with the sky falling, it’s pretty calm in crypto land. The market rebound is well underway, with Bitcoin rising briefly past $102,000 after crashing below $93,000 in the wee hours of the morning. Other tokens were hit worse, with Ether, XRP and Chainlink all crashing as much as 33% and Solana plunging around 20% before rebounding The cause, it was widely agreed, was the imposition of tariffs on Canada, Mexico and China by President Donald Trump, who later pulled back and delayed the start of Canadian and Mexican tariffs. Once again, the narrative that Bitcoin is a store of value and hedge against economic turmoil didn’t pan out, at least in the short term. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
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