News

Trump's tariff threat sends crypto prices falling, including his own meme coin

Cryptocurrency prices took a hit from the prospect of a trade war between the U.S. and its major trading partners, with some well-known digital assets and President Donald Trump's own meme coin taking big hits. The price of bitcoin started falling from about $105,000 shortly after Trump announced plans Saturday to start putting large tariffs on goods from Canada, Mexico and China. The world’s most popular cryptocurrency fell to about $92,000 Sunday night before rebounding back over $100,000 Monday afternoon following Trump's announcement of a pause on the tariffs on Mexican goods.

PIMCO focuses on Trump's market-tuned policy tweaks amid inflation risks

U.S. President Donald Trump's willingness to calibrate economic policies based on market signals will be key for U.S. inflation and growth prospects, PIMCO's Chief Investment Officer Dan Ivascyn said on Monday, after tariffs on U.S. trade partners roiled markets. Investors on Monday scrambled to make sense of escalating trade tensions after Trump announced broad tariffs on Mexico, Canada, and China over the weekend.

Wall Street closes down, pares losses after Trump delays Mexico tariffs

(Reuters) -The major stock indexes closed lower on Monday, but partly recovered from initial steeper losses as U.S. President Donald Trump delayed tariffs on Mexico after his orders to levy tariffs on three countries sparked a global scramble to safe-haven assets earlier in the day. Trump said he has paused planned tariffs on Mexico for one month after the nation agreed to reinforce its northern border with 10,000 National Guard members to stem the flow of illegal drugs, particularly fentanyl. Over the weekend, Trump had announced hefty new tariffs of 25% on imports from Mexico and Canada, and 10% on China - which he said may cause short-term pain for Americans.

Crypto Crash Underway: Cardano, Polkado, and Avalanche Plunge More than 30%. Here's Why.

From 4 p.m. ET on Friday, Cardano (CRYPTO: ADA), Polkadot (CRYPTO: DOT), and Avalanche (CRYPTO: AVAX) are among the worst performing large-cap cryptocurrencies, losing 39.3%, 33.7%, and 33.1%, respectively, as of 3 p.m. ET Monday. As has been the case with most other risk assets, Trump's willingness to fulfill a key campaign pledge and install tariffs on Mexico, Canada, and China have certainly contributed to today's decline irrespective of a subsequent announcement that tariffs on Mexico will be paused after the country made some concessions. As uncertainty rises for investors, and other factors bleed into concern that capital will rotate away from risk and toward more defensive assets, these are three tokens that investors are clearly paying close attention to.