The cryptocurrency market has been caught up in President Donald Trump’s tariff-induced recession fears, with many coins falling sharply from their highs since the Republican took over the White House.
What happened: Since Trump’s inauguration, the total cryptocurrency market capitalization has shrunk by nearly 32%, with more than a trillion dollars in investors’ wealth wiped out.
It’s, therefore, hardly surprising that most coins, including the mega-cap ones, have traded in the red since his arrival.
Market barometer Bitcoin retreated from its $100,000 milestone, falling over 24% since Trump became president. This is despite the POTUS signing an executive …Full story available on Benzinga.com