Trump’s Tariffs Affect Global Cryptocurrency Market Instantly
- Trump announces new tariffs; crypto market reacts with volatility.
- Bitcoin fell from $88K to $82K.
- Potential long-term increase in Bitcoin adoption.
President Trump initiated tariffs on April 2, 2025, impacting the crypto market with significant price changes.
This event raises questions about U.S. trade policy implications and cryptocurrency as a global financial alternative.
Trump Enforces 10% Universal Tariff
On April 2, 2025, President Trump introduced tariffs influencing the global trade landscape. The tariffs, a continuation of his policy, target imports from multiple countries.
Trump’s plan enforces a 10% universal tariff and higher rates for China and the EU, escalating previous measures. These tariffs affect financial markets worldwide.
Bitcoin Dips From $88K After Tariff Announcement
Cryptocurrency markets have seen impacts with Bitcoin falling from $88,000 to $82,000. Ethereum and XRP similarly experienced downturns, reflecting the broader risk-off market sentiment.
Economists caution that these tariffs may induce inflationary pressures; some experts anticipate growing crypto adoption as a hedge against trade instability.
“Taxing international capital flows is an excellent way to accelerate Bitcoin adoption” – Zach Pandl
Bitcoin Could Rise to $150K Amid Tariff Tensions
Previous tariffs during Trump’s first term briefly paralleled today’s conditions, with similar market disruptions. The 2025 tariffs are more comprehensive than those of 2017-2021.
An expert predicts Bitcoin rising to $150,000, potentially establishing itself as a safe haven among investors seeking protection from global financial fragmentation.
| Disclaimer: The information on this website is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and investing involves risk. Always do your own research and consult a financial advisor. |
