Trump's statement: Tariffs on countries that devalue their currency
Trump mentioned that tariffs will be imposed on countries that devalue their currency, indicating that he hopes to combat what he considers 'unfair' trade practices through economic sanctions. This policy may lead to retaliatory measures from affected countries, triggering a trade war. The accused countries may take steps to stabilize their exchange rates, and market panic may occur in the short term. Investors may turn to safe-haven assets due to policy uncertainty.
Altcoins decline broadly, TRUMP drops over 25%
The widespread decline of altcoins may be related to policy expectations and market sentiment:
Trump's statement raises concerns about economic sanctions and uncertainty, leading to increased investor risk aversion.
Bitcoin and Ethereum give back gains
Bitcoin and Ethereum, as mainstream cryptocurrencies, are not immune to market panic; although Bitcoin and Ethereum are more stable compared to altcoins, they will also be affected to some extent during a general market decline, especially when macro policy uncertainty increases.
Reciprocal tariffs will be implemented on April 2
Trump announces the schedule for tariff implementation, indicating that the market will further digest this information: the market will adjust expectations before April 2, and more volatility may occur. Tariff policies will affect global supply chains and economic relations, potentially further triggering market risk aversion.
