As part of his latest Salvo in the trading wars under US President Donald Trump, the cryptocurrency market fell after the declaration of national emergency and cleaning tariffs in all countries.
The Trump administration has hit all countries with 10%tariffs from April 5, and some countries have a greater interest rate, facing 34%of tariffs, 20%of the European Union and 24%in Japan.
In a speech in the White House on April 2, Trump told the United States that the United States claimed about half of what they were prosecuting.
🚨 @potus We sign a country in the world to establish mutual tariffs.
American liberation day! pic.twitter.com/p7unfe617b
-Fast response 47 (@RapidResponse47) April 2, 2025
The encryption market went up for a while in the 10%cleaning tariff, but when the overall range was known, bleeding fell overall.
BITCOIN (BTC) prepared a rally and reached a session to $ 88,500, but 2.6%fell to about $ 82,876. Meanwhile, according to Coingecko data, after the tariff announcement, ETHER (ETH) reduced $ 1,797 from $ 1,934 to $ 1,934 or more, and the total coding market fell to $ 2.7 trillion from 5.3%.
Crypto Fear & Greed Index, which measures market feelings for Bitcoin and other cryptocurrencies, returned 25 points in extreme fear in the latest April 2 update.
But the price has since refused to lose some losses. Bitcoin recovered from 0.8%to $ 83,205. Etter recovered 1.2%and regained $ 1,810.
The Crypto Fear & Greed Index scores returned the average fear last week, but are now in extreme fear. source: Alternative.me
The stock market is not much better. Trading Resources Kobeissi Letter said in the April 2 post that the stock market index S & P 500 will be over $ 2 trillion in the market cap, and will be about $ 125 billion per minute.
Trump tariffs can bring certainty to the market.
Rachael Lucas, an encryption analyst of Australian encryption Exchange BTC Markets, said the simple surge is the case of “uncertainty.”
“As local traders started relocating in the BTC market, the volume of trading increased 46%. The big player benefited from spikes and small investors were hesitant.”
source: Daan Crypto Transaction
She added that if the China or the European Union was “hit”, he expects another panic sales.
US Treasury Minister Scott Bessent urged US trading partners to take retaliation in an interview with Bloomberg on April 2, saying, “If you do not try to add more wives, it is a high end of tariffs on tariffs if you can provide certainty of the“ ceiling ”and the market.
David Hernandez, a crypto investment expert at Crypto Asset Manager 21Shares, said that the market experienced significant volatility during the Trump speech, but clarity could be a good thing in the long run.
“The tariff rate was slightly higher than expected, but the announcement provided a lot of clarity on the scope and size of the policy,” he said.
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“The market has flourished, and as the guess is greatly removed, institutional investors can see the opportunity to take advantage of the compression evaluation for the next few days.”
Hernandez said it would respond worldwide that Mexico and major East Asian economies, including China, Korea and Japan, could evaluate countermeasures, it would be the core of the market.
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