<ul><li>Since Trump’s partial reversal on higher tariffs for dozen of trading partners, stocks and crypto have moved together far more than can plausibly be explained by news.</li><li>Much has been made about how stocks and cryptocurrency assets have become correlated ever since President Donald Trump announced his “Liberation Day” tariffs on April 2.</li><li>This is taken as evidence that the initial proposal was bad — and the subsequent postponement good — for risk assets in general, as might be expected if the main fear is that the tariffs will trigger a recession.</li><li>Unfortunately, much of the commentary has contained mo...</li></ul>

Bitcoin’s Response To Tariffs Says A Lot About The Dollar

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