Trump’s latest tariffs trigger volatility, slashing WLFI’s crypto portfolio by 21%, with Ethereum and Bitcoin taking heavy hits.
WLFI Takes $51.7M Crypto Hit as Trump’s Tariffs Shake Markets
World Liberty Financial (WLFI), a fund backed by US President Donald Trump, suffered a $51.7 million loss in crypto holdings following the latest wave of tariffs imposed on Canada, Mexico, and China.
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WLFI’s Crypto Portfolio Declines by 21%
Between January 19 and 31, WLFI invested $242.77 million in cryptocurrencies, only to see a 21% decline as market turmoil intensified. The hardest-hit assets included:
- Ethereum (ETH): -$36.7M (-24.4%)
- Wrapped Bitcoin (WBTC): -$8M (-12.1%)
- Ethena (ENA): -$2.05M (-43.7%)
Market Volatility and Trump’s Stance
Despite the downturn, Trump remains unfazed, stating that the economic “pain” from tariffs is justified. While WLFI’s losses are significant, its aggressive accumulation strategy suggests it may seize the dip as a buying opportunity.
Crypto and Stocks React to Trade Tensions
The first week of February saw markets in freefall, as fears over trade policies led to billions in crypto liquidations. The tariff fallout also disrupted Bitcoin’s rally, jeopardizing key technical support levels.
Macroeconomic Events to Watch
Looking ahead, several key economic reports will shape the market’s trajectory:
- Monday: ISM Manufacturing PMI
- Tuesday: JOLTS Job Openings Report
- Wednesday: Nonfarm Employment Data & ISM Services PMI
- Friday: US Jobs Report
Investors will be watching these indicators closely to gauge the broader economic impact of Trump’s trade policies.
Disclaimer:
The information provided on 13Desk is for informational purposes only and should not be considered financial advice. We strongly recommend conducting your own research and consulting with a qualified financial advisor before making any investment decisions. Investing in cryptocurrencies carries risks, and you should only invest what you can afford to lose. 13Desk is not responsible for any financial losses incurred from your investment activities.
