“In my opinion, the tariffs are the representation of the uncertainty in the markets,” Michaël van de Poppe told Cointelegraph
Cryptocurrency markets could be on track for recovery as investor sentiment begins to stabilize following US President Donald Trump’s sweeping tariff announcement — what some analysts are calling the peak of recent market uncertainty.
Trump announced his reciprocal import tariffs on April 2, which sent tremors across global markets. The S&P 500 lost more than $5 trillion, its largest drop on record, surpassing the pandemic-induced crash in March 2020, according to Reuters.
Still, some analysts see a silver lining to the tariff announcement.
