#TrumpTariffs
Short-Term Volatility: Trump's tariffs, including a 50% increase on Chinese imports (totaling 145% before a partial reduction to 30% after May 12, 2025), 25% on Canada and Mexico, and a 10% baseline on global imports, have triggered sharp declines in crypto prices. For instance, Bitcoin (BTC) dropped to a three-week low of $91,441.89 in early February 2025, and Ethereum (ETH) fell nearly 25% over a few days, marking its largest three-day loss since November 2022. The crypto market lost $300 billion in value overnight after the February tariff announcements, reflecting a "risk-off" sentiment as investors shifted to safer assets like gold and U.S. bonds.
