India, April 2 -- Cryptocurrencies are trading on a mixed note amidst the intensifying global trade war and growing risk aversion. President Trump is scheduled to announce on Wednesday evening, reciprocal tariffs on U.S. trade partners. The measures, expected to take effect immediately are feared to negatively impact economic growth of key trading partners. Concerns about the aggressive and potentially broad-based tariffs stoking inflation and constraining economic growth in the U.S. also weighed on crypto market sentiment.
Bitcoin rallied ahead of the announcement of the U.S. government's stockpile of the leading cryptocurrency. Expectations that more nations could revisit their hostile approach to cryptocurrencies in general and Bitcoin ...