Crypto Market Volatility Under Pressure: Tariff & Inflation Concerns Fuel Downturn

The recent downturn in the cryptocurrency market is fueled by complex factors, including tariffs, inflation, and central bank policies. This article explores how these influences have contributed to the August volatility witnessed in cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). Notably, the Producer Price Index (PPI) data released last week highlighted a significant impact of tariffs on inflation rates, pushing Bitcoin’s price past the $120,000 mark. Despite the presence of dissenting voices advocating for rate cuts, the current trend points to minimal movement in interest rates until next year.