Dogecoin Gains While XRP Slumps Amid Trump’s Tariff Warnings
Risk assets, including bitcoin, XRP, and Solana, are in focus following President Trump's warning of potential tariffs against countries perceived as harming the U.S. economy.
- Trump threatened "large scale Tariffs" if the EU collaborates with Canada against the U.S.
- Concerns about tariffs have recently been deemed overblown.
- Previous tariffs include 25% on imports from Canada and Mexico and 20% on Chinese goods.
- Tariffs disrupt economic stability, increase import costs, and could pressure central banks.
- Crypto markets may react negatively to trade uncertainties, affecting prices of BTC and others.
- After Trump's comments, XRP and Solana fell 2%, while ether and BNB remained stable.
- Dogecoin retracted gains after a previous rise of 3.5%.
SUI Performance and Market Outlook
- Sui Network's SUI surged 7% ahead of the Walrus Network launch.
- Analysts suggest Asian market developments could bolster BTC prices amidst U.S. challenges.
- Jupiter Zheng highlighted the growth potential in Asia due to supportive pro-crypto regulations.
- Jeff Mei expressed optimism for crypto recovery despite stock market declines.
- Traders are monitoring upcoming Personal Consumption Expenditure (PCE) data on March 28, which affects Fed interest rate decisions.