Collective Shift
Welcome to the Collective Shift podcast, where we aim to help you save time and get ahead in the world of cryptocurrency. In each episode, we cover the latest crypto developments and trends, discussing important headlines and introducing exciting new projects. We understand that crypto can be overwhelming, which is why we strive to provide clear and concise information to help you make informed decisions. So join us as we delve into the intersection of finance and tech, and learn how you can use crypto to stay ahead of the curve.
Collective Shift
Trump’s Tariff Threats Spark Crypto Collapse & Altcoin Bloodbath
Join Matt and Simon as they break down the crypto crash that shook markets after U.S. President Donald Trump announced tariffs on Mexico, Canada and China. They share possible scenarios that may unfold from here, major altcoin news, and more.
Key Takeaways
- U.S. President Donald Trump announced 25% tariffs on Canada and Mexico and 10% tariffs on China. The nature of the announcement took the market by surprise, causing a sell-off across all risk assets, including cryptocurrencies, with altcoins hit particularly hard.
- Yesterday, Trump agreed to pause tariffs on Canada and Mexico for at least 30 days after constructive conversations, sparking a market correction.
- Crypto investors should brace for heightened volatility in the short term, as Trump’s unpredictable tariff policy will likely keep dominating the headlines. This is especially relevant for altcoins, which unsurprisingly sold off more heavily than BTC in the last week.
- Altcoins discussed in this episode include Uniswap (UNI), Raydium (RAY), Sui (SUI) and more.
Timestamps:
00:00 Market Turmoil: The Impact of Trump's Tariffs
08:13 Navigating Uncertainty: Strategies for Crypto Investors
14:51 Ethereum's Future: Upgrades and Market Position
19:58 Emerging Competitors: Solana and Radium's Rise
23:42 Upcoming Press Conference: The Future of Crypto in the US