Markets have been on a rollercoaster since Trump unveiled his aggressive plans at April’s Liberation Day announcement, though stocks have mostly recovered since a calamitous collapse in the spring. But with Trump once again threatening an aggressive hike on trading partners’ levies on Aug. 1, and the existing tariffs already impacting consumer goods, volatility is likely still on the horizon for investors.
Other assets also fell on Tuesday, with Bitcoin’s hot streak cooling down as the top cryptocurrency fell around 2.9% at the time of publication. It dropped below its new benchmark of $120,000, though it still remained above $115,000. But that could change as the House of Representatives continues with its self-announced “Crypto Week,” as lawmakers consider different bills that would establish regulatory frameworks for stablecoins and other cryptocurrencies. Circle, the stablecoin company that went public in June, fell about 4.6% on Tuesday.
