Renewed tariff fears dominate the market narrative and James Wynne gets liquidated.

You're watching Coin Desk Daily. I'm your host, Jen Sanassi.

Doge, XRP, and Seoul are showing signs of bottoming out as global markets grapple with renewed trade tensions

and macroeconomic uncertainties. Recent turbulence is largely attributed to escalating trade tensions

between the U.S. and China. President Trump's announcement to double tariffs on steel and aluminum

imports has reignited fears of a trade war prompting China to vow retaliatory measures.

Additionally, the U.S. has imposed new restrictions on AI chip exports and revoked student visas,

which China says violates trade truce. While analysts are urging investors to monitor macroeconomic

events, they remain optimistic for the long term, citing more institutions and

users onboarding daily. Read more about how tariffs are dominating the market narrative in

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Learn more at leaden.io. That's LEDN.io.O. The Bank of America is warning that the U.S.

dollar may face further declines this summer following a 9% drop this year due to tariff concerns.

This is widely seen as positive for dollar-denominated assets like gold and Bitcoin.

In a report to clients on Friday, the Global FX research team said that

tariffs are more detrimental to the U.S. economy as the country trades more with the rest of the

world than any other nation. And crypto's most watched whale, James Wynn, got fully liquidated

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