Trump's official memecoin was down on Tuesday, as cryptocurrencies faced a correction partly driven by ongoing trade tensions.

President Trump is doubling down on his widespread tariffs threats despite a stock market downturn that has helped fuel anxiety the nation could slide into a recession. Trump escalated the tit for tat with Canada on Tuesday when he said his administration would increase planned steel and aluminum tariffs in response to an electricity

Markets tumbled Monday with uncertainty over potential trade wars sparked by President Trump's tariff threats, making investors nervous. His administration officials say better days for the economy are coming.

Shares of firms with ties to cryptocurrencies fell along with the price of digital assets on the latest moves by President Donald Trump.

Government purchases for the “Crypto Strategic Reserve” will include bitcoin and other lesser-known digital tokens, President Donald Trump said on social media.