Jun. 12 at 9:01 AM
Trump Tariffs Trigger Crypto Shockwave
Trump’s aggressive tariff rollout—starting in February with 25% on Canada/Mexico and 10% on China, later surging to nearly 145%—sent shockwaves through global markets, and crypto wasn’t spared. Bitcoin plunged from ~
$105K to ~
$92K. Over
$1B in liquidations hit leveraged traders. Total market cap wiped: ~
$230B.
$CNF Resilience: Unlike many fintech,
$CNF held up relatively well—down less 1,5%, as traders rotated into
$CNF to reduce trading costs amid surging volatility market forward.
$SOL and others: Layer 1s like Solana (
$SOL) also felt the heat, with swift declines before bouncing modestly during the tariff pause.
Tariff policy is now a direct crypto catalyst. Stay hedged, stay alert.