Cryptocurrency markets could be on track for recovery as investor sentiment begins to stabilize following US President Donald Trump’s sweeping tariff announcement — what some analysts are calling the peak of recent market uncertainty.
Trump announced his data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/trump-s-trade-war-pressures-crypto-market-as-april-2-tariffs-loom” rel=”null” target=”null” text=”null” title=”null”>reciprocal import tariffs on April 2, which sent tremors across global markets. The data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/bitcoin-outperforms-stock-market-during-trump-tariff-selloff” rel=”” target=”_self” text=”null” title=”https://cointelegraph.com/news/bitcoin-outperforms-stock-market-during-trump-tariff-selloff”>S&P 500 lost more than $5 trillion, its largest drop on record, surpassing the pandemic-induced crash in March 2020, according to Reuters.
Still, some analysts see a silver lining to the tariff announcement.
“In my…
