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XRP, ADA, and LINK Get Nod from NBA Legend
Scottie Pippen, who is widely considered to be one of the greatest basketball players of all time, has taken to social media to highlight the advantages of crypto amid the global tariff-induced economic turmoil
"There are no tariffs on greatness…Crypto moves free," Pippen said.
The NBA legend has mentioned several cryptocurrencies in his post, including Ripple-linked XRP, Cardano (ADA), and Chainlink (LINK)
Pippen's post echoes the comment made by Strategy co-founder Michael Saylor, who recently noted that there were no tariffs on Bitcoin. The tariff disputes showcase the advantages of borderless decentralized cryptocurrencies
The impact of tariffs on the crypto market
The U.S. stock market got absolutely crushed on Wednesday, with the S&P 500 plunging by nearly 5%. Of the 11,406 trading days since January 1980, the flagship stock market index had larger declines only for 29 of them
Stoxx 600, a widely tracked index of European stocks, has extended its weekly drop to more than 4%
However, Bitcoin managed to hold up relatively well, remaining above the $81,000 level. The cryptocurrency is currently trading at $83,459