Cryptocurrency Hit by Tariffs... "V-Shaped Rebound if Agreement Reached"

An analysis has emerged suggesting that if the U.S. reaches a dramatic settlement with tariff-imposing countries, the cryptocurrency market will make a 'V-shaped rebound.'

Cryptocurrency analyst Lark Davis stated on the 3rd via X, "The tariff issue originating from the U.S. is shaking both traditional finance (TradFi) and the cryptocurrency market," adding, "The 24-hour trading cryptocurrency market is acting as a 'canary in the coal mine,' reacting preemptively."

Some speculate that the U.S. might reach a last-minute agreement with the tariff-imposing countries. President Donald Trump is scheduled to speak with the leaders of Canada and Mexico, the countries imposing tariffs, today. The executive order signed by President Trump to impose tariffs will take effect on the 4th. Davis mentioned, "If a swift agreement is reached, the possibility of a V-shaped rebound in the cryptocurrency market increases," noting, "The market is currently seeking direction amidst uncertainty."