Impact of Trump’s Tariffs on Cryptocurrencies: A Tale of Surge and Decline
Trump announced a dual plan: including five cryptocurrencies (Bitcoin, Ethereum, Ripple, Solana, Cardano) in the U.S. strategic reserve, causing their prices to skyrocket (e.g., Cardano surged 71%). However, the celebration was short-lived; his 25% tariffs on imports like cars triggered a market earthquake: Bitcoin dropped 12%, and cryptocurrencies lost $290 billion in value within days.
Amid the chaos, unexpected opportunities emerged: political meme coins (like TrumpMAGA) briefly soared, but remain risky bets due to their reliance on speculation. Meanwhile, a critical question looms: Will Bitcoin withstand its role as "digital gold" if tariffs trigger an economic downturn?
