The cryptocurrency sector has faced challenges due to recent U.S. tariffs, initially expected to boost its growth but instead leading to significant losses for market participants. Uncertainty surrounding ongoing trade negotiations and the lasting effects of these tariffs are casting a shadow over the industry’s future. Experts are closely watching as data on the impact of tariffs emerges, particularly from the S&P Global PMI report scheduled for Wednesday. The report is expected to shed light on how the recent tariffs have affected both manufacturing and service sectors, potentially revealing whether the economy is experiencing growth or contraction. Chief Economist Stephen Stanley from Santander U.S. Capital Markets highlights the crucial role of manufacturing data in understanding these trends. Could lower-than-anticipated PMI readings signal a shift toward easing trade tensions? These shifts could potentially lead to reductions in tariffs, which may benefit the crypto market by alleviating existing pressures. Additionally, recent hints from President Trump regarding potential negotiations with China and the EU offer hope for a smoother path towards resolving trade issues, further bolstering confidence in the crypto sector. As we await further developments on these negotiations, it is essential for market participants to stay informed and adapt their strategies as the landscape of global trade policy continues to evolve.