According to Bobby Ong, April’s crypto market was heavily influenced by President Trump’s 'Liberation Day' tariffs, which initially triggered a significant downturn due to heightened trade policy uncertainty. However, a subsequent pause in tariff implementation allowed markets to recover, restoring investor confidence and increasing trading activity. This period of heightened volatility also saw a noticeable shift as traders moved capital into safe-haven assets like gold, highlighting an evolving risk management strategy within crypto portfolios. These developments underscore the importance of monitoring macroeconomic events for short-term trading opportunities in the crypto sector (Source: Bobby Ong, Twitter, May 10, 2025).

According to @KobeissiLetter, the introduction of 'Liberation Day' tariffs has pushed the weighted-average US tariff rate to 29%, surpassing the Smoot-Hawley Act levels from the 1930s. This significant increase in tariffs could lead to market volatility, affecting investor confidence and potentially influencing cryptocurrency trading as investors seek alternative assets. Traders should monitor these developments closely as they could impact cryptocurrency prices and trading volumes.

According to @KobeissiLetter, the introduction of 'Liberation Day' tariffs has increased the US weighted-average tariff rate to 29%, surpassing historical highs set during the 1930s Great Depression. This significant rise in tariffs could potentially impact international trade dynamics, influencing commodity prices and market volatility. Traders should closely monitor import-export data and related tariff policy announcements as these factors could affect asset pricing and trading strategies.

According to @KobeissiLetter, the weighted-average US tariff rate has surged to an unprecedented 29% following the 'Liberation Day' tariffs. This rate surpasses even the Smoot-Hawley Act of the 1930s Great Depression, marking a significant development in trade policy. Traders should closely monitor the potential market impacts, as increased tariffs could influence import costs and affect various sectors.

According to The Kobeissi Letter, consumer sentiment has fallen to its lowest levels since the 2022 bear market. This data does not yet reflect the impact of newly announced auto tariffs and upcoming 'Liberation Day' tariffs. Traders should be cautious as inflation is expected to rebound in March and April, potentially leading to further declines in sentiment. Source: The Kobeissi Letter.