Crypto suffers weekend massacre, but could Trump’s tariff war be good for Bitcoin?

It was an utter bloodbath of a weekend for Bitcoin, spilling into Monday. The cause? Most point to US President Donald Trump, whose trade tariffs have wreaked chaos both inside and outside crypto. To begin today’s episode, I will go through exactly how Bitcoin was affected and what it might mean going forward. Then we’ll look at Binance being investigated in France on allegations of money laundering and drug trafficking, India’s hostile attitude toward crypto that may be changing and how one lucky maniac made the best part of $50 million in profit from a 50x leveraged short play on Ether!

Further reading:

• Bitcoin falls below $100K following Donald Trump imposing import tariffs
• BTC dominance nears 4-year high: 5 things to know in Bitcoin this week
• Ether, altcoins dive double digits as Trump tariffs take further toll
• Crypto Biz: French prosecutors drop money-laundering bombshell on Binance
• Indian crypto holders face 70% tax penalty on undisclosed gains
• India may change crypto policy due to international adoption: report
• Ethereum trader earns $16M as ETH price falls to $3K

References:

• Jeff Park Trump tariff analysis

Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn.

Cointelegraph’s Twitter: @Cointelegraph
Cointelegraph’s website: cointelegraph.com

The views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.