Markets have been heavy since Thursday as President Donald Trump warned of deeper tariffs on Canada and the European Union in case the two collude and policies impact U.S. economic activity.
Bitcoin miners, hoping for more efficiency, are increasingly marching in step with the traditional datacenter industry, says Colin Harper of Blockspace.
The overall stablecoin market, including tokens pegged to currencies and commodities, crossed $230 billion rising for the 18th consecutive month, CoinDesk Data’s report show.
The sell-off might have to do with the convertible note pricing, while some speculated that it’s a sign of investor disapproval of the bitcoin acquisition plans.