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Cryptocurrency Hit by Tariffs... "V-Shaped Rebound if Agreement Reached"

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JOON HYOUNG LEE
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  • It was reported that if the U.S. reaches an agreement with tariff-imposing countries, the cryptocurrency market could experience a 'V-shaped rebound.'
  • Lark Davis stated that the U.S.-originated tariff issue is shaking both traditional finance and the cryptocurrency market.
  • Davis mentioned that a swift agreement could increase the possibility of a 'V-shaped rebound' in the cryptocurrency market.
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  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

An analysis has emerged suggesting that if the U.S. reaches a dramatic settlement with tariff-imposing countries, the cryptocurrency market will make a 'V-shaped rebound.'

Cryptocurrency analyst Lark Davis stated on the 3rd via X, "The tariff issue originating from the U.S. is shaking both traditional finance (TradFi) and the cryptocurrency market," adding, "The 24-hour trading cryptocurrency market is acting as a 'canary in the coal mine,' reacting preemptively."

Some speculate that the U.S. might reach a last-minute agreement with the tariff-imposing countries. President Donald Trump is scheduled to speak with the leaders of Canada and Mexico, the countries imposing tariffs, today. The executive order signed by President Trump to impose tariffs will take effect on the 4th. Davis mentioned, "If a swift agreement is reached, the possibility of a V-shaped rebound in the cryptocurrency market increases," noting, "The market is currently seeking direction amidst uncertainty."

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gilson@bloomingbit.ioCrypto Journalist