This week, the cryptocurrency market was affected by several factors related to former President Donald Trump's policies:
1. **Trade tensions with China**: On May 30, 2025, Trump criticized China on Truth Social, claiming that China violated the trade agreement with the United States. These statements affected investor confidence in global markets, including the cryptocurrency market.
2. **Increase in tariffs**: Trump announced the doubling of tariffs on steel to 50% on May 30, 2025. This move affected financial markets in general, as it heightened concerns about global trade tensions and their impact on the economy.
3. **Continuation of trade negotiations**: Despite the legal turmoil, trade negotiations between the United States and other countries such as India and the European Union continued. These negotiations may indirectly affect the markets by changing the dynamics of global trade.
These combined factors contributed to creating a state of uncertainty in the markets, which affected cryptocurrency prices during this week.