#TrumpTariffs The cryptocurrency market has recently experienced significant volatility, influenced by geopolitical developments and market dynamics.

Market Impact of Recent Tariff Announcements

On April 2, 2025, President Donald Trump announced new reciprocal tariffs targeting major U.S. trading partners, escalating global trade tensions. This announcement led to a swift decline in risk assets: 

• Bitcoin (BTC): Dropped from nearly $88,000 to just over $83,000 shortly after the news. 

• Ethereum (ETH): Experienced a decline of approximately 2.9%, trading at $1,812. 

• Crypto-related Stocks: Companies like Coinbase Global and Strategy (formerly MicroStrategy) saw their shares fall by around 6% and 7%, respectively. 

Performance of the TRUMP Token

The TRUMP token, a memecoin inspired by President Trump, has faced notable price fluctuations: 

• Recent Price Movement: The token’s price declined by approximately 14.87% in the last 24 hours, trading at $8.98 with a 24-hour trading volume of $920,863,963. 

• Market Capitalization: Currently stands at approximately $1.8 billion, with a circulating supply of 199,999,427 TRUMP coins. 

• Upcoming Token Unlock: A significant event is anticipated on April 17, 2025, when 40 million TRUMP tokens (20% of the circulating supply) are scheduled to be released. Such large token unlocks can exert downward pressure on prices. 

Technical Analysis and Support Levels

Traders are closely monitoring key support and resistance levels:

• Support: $8.97 – $8.80. A drop below this range could signal further declines.

• Resistance: $9.80 – $10.20. Reclaiming this zone may indicate renewed buyer interest.

• Market Sentiment: Indicators like the Relative Strength Index (RSI) suggest that bearish momentum persists.

Investor Considerations

Given the current market conditions:

• Risk Management: Implementing strategies such as setting stop-loss orders can help mitigate potential losses.

• Market Monitoring: Staying informed about geopolitical developments and their potential impact on the crypto market is crucial.

• Long-Term Perspective: While short-term volatility is challenging, maintaining a focus on long-term investment goals can provide stability.

As always, conducting thorough research and consulting with financial advisors is recommended before making investment decisions.