Pepe Drops 5.78% Amid Trump Tariffs, Fed QT Concerns

Pepe's latest price was $0.05, down 5.778% in the last 24 hours. This decline is part of a broader sell-off in the crypto market, triggered by Donald Trump's announcement of a 10% base tariff on all countries, along with customized tariff rates on heavyweights such as China, the European Union, and Japan. This move is set to spark a trade war with these countries, which could negatively impact the world economy. Experts have also raised the possibility of the US witnessing high inflation or recession in the coming months, which is bad for risk assets like Pepe. The US Federal Reserve is currently adopting quantitative tightening (QT) policies to help bring inflation down to its desired 2%. The US Central Bank may be forced to implement more QT measures if there are concerns that Trump’s move could lead to higher inflation. This possibility has probably weighed on investors’ minds, leading to the decline in Pepe. Meanwhile, the Fed has shown no intention to cut interest rates anytime soon, which is also bearish for Pepe.

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