QCP: Trump's tariff plan exacerbates market anxiety and crypto asset declines

Odaily Planet Daily News QCP Capital posted on its official channel that Trump's renewed push for tariffs on Canada, Mexico and China has exacerbated the decline in crypto assets and reinforced investors' concerns about escalating trade tensions. The unexpected inclusion of XRP, SOL and ADA tokens in the reserve plan has caused divisions in the crypto community, and the market's initial optimism about the project's advantages has turned to a deeper review. The current doubts are mainly focused on the possible contradiction between the plan and DOGE's cost-cutting measures, as well as the opaque source of reserve funds. QCP Capital said that this market decline may increase the pressure on Trump, especially after receiving strong support and donations from the crypto community during his campaign. Even the suspension and withdrawal of the enforcement case against crypto companies by the U.S. Securities and Exchange Commission (SEC) failed to prevent the market sell-off, highlighting the broader risk aversion in the market. After a month of low cross-asset volatility, market anxiety has resurfaced over the prospect of tariff confrontation that could curb global growth. This shift is reflected in the 10-year Treasury yield falling 50 basis points in the past two weeks, VIX breaking 22, Bitcoin short-term volatility rising sharply by 8 points since the weekend, and the skewness shifting significantly to put options.