Trump’s Tariffs and Their Impact on the Cryptocurrency Market
In early 2025, President Donald Trump’s aggressive tariff policies sent shockwaves through global financial markets, including the cryptocurrency sector. The introduction of sweeping "reciprocal tariffs," including a 50% levy on Chinese imports and tariffs ranging from 10% to 46% on various countries, triggered significant volatility in digital assets. Bitcoin, the largest cryptocurrency by market cap, plummeted from highs above $100,000 to as low as $74,500 in early April, while Ethereum and other altcoins saw declines of up to 28%. These tariffs, dubbed part of “Liberation Day,” aimed to reduce U.S. trade deficits and bolster domestic industries but have had far-reaching consequences for crypto markets
