Orange Monday's crypto crash 🟠

Crypto took a battering in the face of U.S. President Donald Trump's trade war—but it could just be the beginning of "once-in-a-lifetime" chaos.

šŸ“ What you need to know

Crypto prices crashed Monday as U.S. President Donald Trump’s trade war escalated—but the ā€œunderlying circumstancesā€ behind Trump’s tariffs could prompt a ā€œonce-in-a-lifetimeā€ reshaping of the global order, wrote billionaire investor Ray Dalio.

He argued that the tariffs are merely symptoms of underlying forces reshaping the global order, including mounting debt, domestic politics, shifts in how geopolitical power is wielded, acts of nature, and the impact of technological innovations such as AI.

Where some see blood in the streets, others see opportunity, with BlackRock CEO Larry Fink arguing that the market turbulence caused by the de facto recession is a chance to buy the dip.

Crypto investors should pay close attention to U.S. bond markets, analysts told Decrypt, with rising bond yields pointing to slow economic growth and expectations of higher inflation—conditions that are ā€œnot great for risk assets.ā€

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