XRP Falls, Bitcoin Rises. Why the Crypto Fallout From Trump Tariffs Is Mixed. — Barrons.com

By Elsa OhlenAs the dust is settling for markets after a week of wild market swings, the fallout for cryptos is mixed.Bitcoin was trading up 1.3% early Thursday to $98,700, now fully recovered from Monday's selloff — during which it plummeted to a seven-day low of $91,687, according to CoinDesk data.However, XRP — the popular altcoin that has in the past few months soared to compete with Tether for the title of third largest cryptocurrency by market value — is down 3.5% over the past 24 hours. It last traded at $2.43, according to CoinDesk.XRP, like Ether, Solana, and Dogecoin hasn't recovered all the way from Monday's big drop, prompted by President Donald Trump saying he would impose tariffs on Mexico, Canada and China.Traditionally, Bitcoin and other smaller cryptos are been seen as riskier types of assets that tend to fall with market uncertainty, while safe haven assets such as gold rise.While this still appears to be true for altcoins, Bitcoin is increasingly moving in tandem with the broader market — not yet viewed "digital gold" but also not a typical risky asset anymore.Write to Elsa Ohlen at [email protected] content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.