XRP and Dogecoin Surged 20%, Then Dipped as China Tariffs Dent Crypto Rebound

Quick Summary:

Donald Trump's decision to impose tariffs on imports from Canada, Mexico, and China led to a steep drop in bitcoin and broader equity markets on Monday.

"The damage from the tariffs could still be made temporary if more crypto-friendly policies in the U.S.are set in motion," El-Baz added.

"While today’s initial reaction may have been an overreaction, heightened volatility is likely to persist as markets digest further developments.

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Article Details

Author / Journalist: Shaurya Malwa

Category: Crypto

Markets: United StatesCanadaChinaCubaMexico

Topics: Retaliatory Tariffs China Coindesk Impose Bitcoin Crypto Markets Been

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-04 @ 07:59:00 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 421 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 25882176

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