While the tariffs are directly imposed on physical goods, they still impact the tech sector and digital assets such as cryptocurrencies. Here are some of the impacts:
Crypto Market Volatility and Risk
Major tariff announcements and trade war escalations have driven financial market turmoil. Risky assets such as crypto often experience price drops when investors seek safe assets during periods of economic uncertainty. For example, the price 2w2 after the tariff announcement which shocked global markets.
BTC
89,303.72
+0.38%
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