XRP’s token price dropped by 5.4% in the last 24 hours, while Bitcoin fell by 2.6% and Ethereum by 6.1%. The overall market saw a sell-off due to evolving tariff concerns, with XRP down 8% for the year and 43% from its all-time high. The outlook on tariffs and macroeconomic factors will likely drive XRP’s valuation, posing risks to its speculative nature if investors become more risk-averse.
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1 Way Tariffs Could Cripple GM for Investors
The markets reacted positively to President Trump's announcement of a 90-day pause on reciprocal tariffs for most countries, coupled with a base 10% tariff on goods, but automakers like General Motors (GM) were excluded from tariff relief, facing a looming 25% tariff on vehicle imports and parts. GM has been aggressively buying back shares, announcing $16 billion in buybacks from 2023 to 2025, but the new tariffs could force it to reconsider this strategy, as...
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