The Impact of US Tariffs on Crypto and Stock Markets
On April 2nd, 2025, both the crypto and stock markets experienced significant volatility following President Donald Trump's announcement of new tariffs, which he termed "liberation day."
This development poses critical questions about the future of overseas businesses and the potential shift to digital assets.
The stock market has already witnessed substantial sell-offs, raising concerns about investors' strategies. Might they turn to cryptocurrencies with practical utilities instead?
Notably, on the 3rd of April 2025, Coinbase Derivatives filed with the CFTC and is set to launch XRP futures trading, suggesting a potential pivot towards digital currencies. The ripple effects of these tariffs are likely to bring profound changes and uncertainties to both markets.
