‘Liberation Day’ will be an ‘atomic bomb’ for crypto: pro

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

Zach Burks, CEO of Mintology, shared with crypto.news some sentiment on current market conditions.

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

Burks shared, in a note to crypto.news, that gold remains the preferred safe-haven asset for institutions, while Bitcoin is increasingly the retail investor’s hedge against economic instability. Burks also touched on the surge in gold prices, attributing it to institutional investors as the main driving force.

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

Burks warns of heightened market volatility tied to former President Donald Trump’s anticipated ‘Liberation Day’ event, describing it as a potential “atomic bomb” for financial markets. “Trump’s ‘Liberation Day’ is going to be an atomic bomb on the current markets – and crypto isn’t safe in the immediate term,” Burks wrote.