#TrumpTariffs
Trump’s sweeping 2025 tariffs have rattled crypto markets, triggering steep short‑term drops. Bitcoin plunged from ~$110K to as low as ~$74K–82K following announcements on April 2 (“Liberation Day”) and early April reciprocal tariffs
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. Ethereum also tumbled—down 20–25% . Volatility spiked as long/short positions were liquidated en masse
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. Analysts warn ongoing tariff uncertainty could keep Bitcoin stuck in a range, while resolution and weaker dollar could send it surging to $120K–150K
cointelegraph.com
. Some see longer-term benefits: tariffs may erode the dollar’s dominance, boosting demand for non-sovereign assets like crypto