Did Trump’s Trade War Threat Spark a Crypto Sell-Off?

The potential escalation of trade tensions by U.S. President Donald Trump has shifted investors into a risk-off mindset, causing them to pull back from volatile assets like cryptocurrencies. This shift was reflected in Ether’s price, which dropped by over 30%, hitting its lowest point since January 2024. Could this be the “Trump effect,” or just a coincidence?