Market update for everyone who knows nothing about crypto. In the past few days, markets have absolutely tanked.
This is the year that everything is supposed to skyrocket and be incredible for all of us.
What on earth is happening? Well, the thing that caused markets to tank on Friday was actually Trump's announcement to add tariffs to all imports from Mexico, Canada, and beyond.
Why does that matter? If there are tariffs, then the U.S. dollar would likely become even more powerful, which would lead to less money flowing into alternative investments like crypto.
As a result of that news, this Friday, markets tanked. Not just crypto, but the stock market as well.
And if you're new to crypto, this is probably scary. You may have bought your very first Bitcoin, expecting it to go up in price.
Whether you're new to crypto or you've been around, this is a good reminder to sit tight, be patient, and remember that crypto is an incredibly volatile asset. I'm still feeling incredibly hopeful and bullish for the year to come.
Trump just took office, and it's totally normal for there to be market corrections.
I should mention that the one really big variable that I'm keeping tabs on that could negatively affect markets is actually the increasing tension between the U.S. and China, especially when it comes to the race for AI. Last week, we already saw what crazy effects that could have, where with the announcement of DeepSeek, we saw $1 trillion evaporate from the U.S. stock market overnight.
I read a weekly crypto newsletter where I explained everything happening in the markets in a way that my grandma would understand.
If there's anything else you'd like to learn about crypto, drop it in the comments below. Mmm, that's good.
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