Peter Schiff claims that the cryptocurrency markets are beginning to crack as a result of Donald Trump’s newly implemented tariffs. He criticizes the decision, stating it could adversely impact digital assets.
In the wake of these developments, Bitcoin has dropped 5.6%, currently priced at 78,769 USD, while Ethereum has decreased by 12%, falling to 1,591 USD, marking significant losses since their respective peaks.
Overall, over 892 million USD in liquidations occurred across crypto markets within the last 24 hours, coinciding with a downturn in U.S. Stock futures and other global markets, indicating a potential for increased volatility.
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