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Cryptocurrency News Articles

Trump’s Tariff Tantrums: How Crypto Weathers the Storm

Feb 10, 2025 at 06:04 pm

This isn’t the first time Trump has shaken up the market. Last week’s tariff announcement didn’t go well either, as Canada and Mexico slapped the US with reciprocal tariffs.

Trump’s Tariff Tantrums: How Crypto Weathers the Storm

After announcing a 25% tariff on aluminum and steel imports, Donald Trump warned that countries levying US imports will face even higher tariffs.

Meanwhile, MicroStrategy’s Michael Saylor hinted he might go on another buying spree on X.

Last week's tariff announcement didn't go well either, as Canada and Mexico slapped the US with reciprocal tariffs. Now, Trump threatens the world with even higher import taxes.

Trump also shared plans to impose tariffs on oil, gas, steel, copper, and superconductors.

Bybit CEO Ben Zhou estimates that crypto liquidations reached $10B following the first tariff announcement. This time, the market dipped roughly $50M.

While crypto prices are recovering, the Crypto Fear and Green Index has been in the Fear territory the entire week.

But not everyone is bearish.

Known $BTC evangelist Michael Saylor posted a screenshot of MicroStrategy's portfolio tracker for the first time since January 20, when the company celebrated Trump's Inauguration with an 11K $BTC purchase and switched from green and orange dots.

MicroStrategy's total $BTC holdings now amount to $46.12B. While Saylor hasn't announced any purchases in February yet, it wouldn't be a stretch to suggest that he made use of the temporary market downturn.

While MSTR stock price fell 0.11% last month, it grew 356% in 2024 and 2,101% since MicroStrategy began acquiring $BTC five years ago.

Japanese firm Metaplanet, which adopted a similar strategy in 2024, recorded a 3,575% surge in its stock price over the year.

The bottom line is that the current dip is a mere blip on the radar. Long-term, institutional and whale interest will drive crypto adoption and push altcoin prices to new heights.

With over $70M raised in less than three months, $WEPE is one of the best presales this year. All tokens are now sold out ahead of schedule, and FOMO is building up as early adopters await the token claim.

In a few days, $WEPE will announce the first exchange listings. This would present a chance for those who missed out on the presale to secure their spot in the Wepe Army and possibly push $WEPE to $0.0013, a 549% gain for the first supporters.

Even if you missed the boat of $WEPE presale, there’s still an opportunity to buy it on exchanges and win big. Follow WEPE on X so as not to miss listing updates.

Macroeconomic and geopolitical forces do impact the crypto market, but to a much lesser extent than one would expect. While tariff announcements triggered brief selloffs, the market’s quick recovery demonstrates growing maturity.

As legacy whales like MicroStrategy hoard $BTC, degen investors bet on $WEPE forjuicy gains. An epic presale, upcoming listings, and united community show that $WEPE is ready to take the market by storm.

However, we remind you that no gains are guaranteed. Always DYOR and diversify your portfolio to offset potential losses.

Disclaimer:info@kdj.com

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Other articles published on Feb 11, 2025