$CFX
Crypto in red due to fears of tariffs and weak labor data
This Friday, Bitcoin fell below 115,000 USD and dragged down crypto stocks like Coinbase (-16%), Riot (-11%), and CleanSpark (-7%), following worse-than-expected employment data in the U.S. and new tariffs announced by Trump 🇺🇸.
📊 Although a rate cut by the Fed is expected, persistent inflation 🔥 and trade tensions 🌐 keep pressure on risk assets like cryptocurrencies and their related stocks.
Crypto in red due to fears of tariffs and weak labor data
This Friday, Bitcoin fell below 115,000 USD and dragged down crypto stocks like Coinbase (-16%), Riot (-11%), and CleanSpark (-7%), following worse-than-expected employment data in the U.S. and new tariffs announced by Trump 🇺🇸.
📊 Although a rate cut by the Fed is expected, persistent inflation 🔥 and trade tensions 🌐 keep pressure on risk assets like cryptocurrencies and their related stocks.