U.S. Economic Storm Front Threatens Crypto Markets With Volatility Spikes
Cryptocurrency traders brace for turbulence as two seismic U.S. events converge this week. The TRUMP administration's 10% EU tariffs and an impending Supreme Court ruling on presidential emergency powers create what analysts call 'a volatility vortex' for digital assets.
Bitcoin and major altcoins face asymmetric risks. Trade war escalations typically trigger correlated selloffs across crypto and equities, while favorable court rulings could spark risk-on rallies. Market makers report thinning liquidity in BTC and ETH perpetual futures as institutional players reduce exposure.
The tariff decision carries particular weight for crypto mining firms with European operations. Companies like Bitfarms and Iris Energy face potential 15-20% cost increases on imported ASIC hardware if the measures hold.
