As trade tensions reignite under Trump’s wavering tariff announcements, global markets are once again bracing for volatility. The US President’s announcement of his ‘reciprocal’ tariffs last week triggered market chaos.

The rapid drop shows that cryptocurrencies, which the president has promoted, are subject to the same market gyrations as any other risky asset.

As the Trump Administration sets out tariff policy on “Liberation Day” Wednesday, many are pessimistic about the economy in general and crypto prices in particular. But there are strong reasons not to be,