How crypto markets are handling tariff updates

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After implementing 25% levies on steel and aluminum imports Monday, Donald Trump was expected to follow that up with reciprocal tariffs on other trading partners. 

Bitcoin dipped to around $95,000 around the steel/aluminum tariff news, before rebounding back above $98,000 early Tuesday.

“This rapid recovery underscores the growing maturity and stability of digital assets, even in the face of external economic shocks,” 21Shares crypto research strategist Matt Mena said in an email.

During the Canada-Mexico tariff announcement the weekend prior, he noted, crypto prices dropped…

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