US President Donald Trump has announced a significant trade move, imposing 30% tariffs on European Union goods. This decision is part of a long-standing trade dispute between the US and EU.
Meanwhile, cryptocurrency markets saw significant gains, with Cardano (ADA) experiencing its largest one-day percentage gain since May 8, rising 10.21%. The token’s market cap increased to $24.1293B, marking a notable recovery after being down 77.80% from its all-time high of $3.10 set in September 2021.
Bitcoin (BTC) and Ethereum (ETH) also saw gains, with Bitcoin up 4.36% at $116,072.7 and Ethereum rising 6.35% to $2,960.34.
These market developments come as investors weigh the impact of trade policies on global markets.
Source: https://www.investing.com/news/cryptocurrency-news/cardano-climbs-10-in-rally-4131109