Crypto Crash Unveiled: The Hidden Forces Shaking Markets Today That Every Investor Must Know Now!
Key Takeaways
Macro headwinds linked to new tariffs and sticky inflation triggered crypto market sell-offs, as the chances of a Fed rate cut in September continue to drop.
Crypto and U.S. equities markets dropped lower, amid new macro headwinds induced by inflation and tariff fears.
Bitcoin [BTC] slipped 3% below $115K before reclaiming the level as of press time. Similarly, the S&P 500 Index (SPY) declined 37 bps (basis points) according to Google Finance data.
Source: BTC/USDT, TradingView
Macro pressure intensifies
This downside risk followed a new White House announcement that President Donald Trump’s tariffs have now been formalized via an executive order, with Canada facing a steeper 35%, up from the current rate of 25%.
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