The Daily: Crypto market weighs Trump's reciprocal tariffs, bitcoin's 'digital gold' narrative under pressure and more

President Trump’s “Liberation Day” announcement of reciprocal tariffs on Wednesday caused sharp declines in the crypto market, with Bitcoin, Ether and Solana dropping around 6%, 8% and 15%, respectively.Bitcoin’s volatility, ETF outflows and correlation with equities are raising questions about its “digital gold” narrative, according to analysts at JPMorgan.