- Arthur Hayes foresees volatility amid tariff plans.
- Bitcoin faces $110,000 resistance challenge.
- Altcoins react negatively to market uncertainty.
The announcement of impending tariffs by President Donald Trump has prompted concerns of increased crypto market volatility. Bitcoin saw resistance at $110,000 but dropped to $107,750, signaling risk-averse sentiment. Altcoins experienced declines, with Dogecoin falling 7% in 24 hours.
Arthur Hayes, known for his accurate market predictions, advised investors to avoid panic in light of Trump’s tariff plan.
“Don’t get shook.”
Historical data from previous trade disputes shows potential short-term sell-offs in both equities and digital assets. Potential decoupling of crypto from traditional assets may occur if global liquidity increases, as shown in 2018-2019 trade conflicts.
Regulatory bodies have yet to issue statements regarding the crypto implications. Traders are calling for clarity amidst this backdrop of escalated uncertainty due to unilateral tariff enforcement.
