Crypto Market Experiences Downturn Amidst Broader Economic Policy Debates
Crypto Market Experiences Downturn Amidst Broader Economic Policy Debates
The cryptocurrency market has seen a significant retracement, erasing much of its earlier gains from the 2024-2025 US election anticipation, leading to a sharp drop in investor sentiment due to a historic market crash in October. This market volatility coincides with ongoing debates among US lawmakers who are expressing strong criticism over proposed tariffs, arguing that such measures act as taxes on American businesses and consumers and offer no economic benefit, thereby risking a broader economic derailment.
The crypto market experienced a historic market crash in October that derailed the uptrend and caused investor sentiment to plummet.
The tariffs are just taxes on American businesses and consumers, while providing no benefit to the economy, critics of Trump's policies say.