Crypto wobbles into August as Trumps new tariffs trigger risk-off sentiment
Summary
Crypto markets fell after new U.S. tariff announcements sparked risk-off sentiment across speculative assets. Bitcoin, ether, and Solana all declined, and liquidations accelerated the drop across centralized exchanges. Crypto-linked stocks also sold off sharply, including Coinbase, Circle, Galaxy Digital, Bitmine Immersion, and MicroStrategy. The piece also notes that institutional ETF inflows and prior July gains have helped support the market despite the macro uncertainty.
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