welcome
CoinGape

CoinGape

Business

Business & Economics

Arthur Hayes Hints Crypto Market Volatility on Upcoming Trump Tariffs

CoinGape
Summary
Nutrition label

67% Informative

BitMEX CEO Arthur Hayes anticipates major crypto market volatility ahead as US President Donald Trump plans to introduce unilateral tariffs ahead of the July 9 deadline.

Bitcoin price is down 1.66% today , trading at $ 107,750 level, while altcoins have dropped by a similar magnitude.

Dogecoin ( DOGE ) has seen the biggest drop at 7% among the top ten cryptocurrencies.

Trump 's renewed tariff plans caused a downturn in global equity futures and weakened dollar.