President Donald Trump's recent tariffs, affecting over 90 countries, have raised concerns about their potential impact on cryptocurrency markets. Announcing the tariffs on Truth Social, Trump claimed they would bring billions back to the U.S. economy from nations he accused of unfair trade practices. Although the crypto sector isn't directly targeted, analysts warn that these tariffs could influence monetary policy and investor behavior. Min Jung from Presto noted that investors are less reactive to tariff news than before, suggesting the market has adapted. Observers are particularly interested in how these tariffs might affect economic data monitored by the Federal Reserve. While Bitcoin and Ethereum experienced a dip, the tariffs have also reduced some market uncertainty. Jay Jo from Tiger Research believes that ongoing tariff tensions could lead to increased interest in cryptocurrencies as alternative payment methods. However, rising hardware costs and logistical challenges in the mining sector may shift supply chains and capital strategies, potentially concentrating power among stronger players.
