Crypto markets ‘relatively orderly’ despite Trump tariff chaos: NYDIG
Crypto markets have remained stable despite turmoil in traditional financial markets due to US tariffs announced by President Trump. NYDIG analyst Greg Cipolaro noted that crypto perpetual futures rates have been persistently positive, with liquidations totaling $480 million after the tariff announcement, which is lower than previous events. Tether (USDT) has remained close to $1 without sharp declines. Bitcoin (BTC) has shown relative stability, declining 22.5% from its January peak but trading flat at $84,730. The narrowing volatility gap between Bitcoin and other assets makes it appealing for risk parity portfolios. However, concerns arise from potential bearish signals, such as a "death cross" formation in Bitcoin and the S&P 500, indicating possible struggles for upward momentum without positive macroeconomic developments.
