On April 2, 2025, President Donald Trump announced a comprehensive tariff strategy, imposing a universal 10% tariff on all imports, with higher rates for specific countries—34% on China and 20% on the European Union, among others.

In response, China retaliated with a 34% tariff on U.S. imports and suspended certain agricultural purchases.

These developments have significantly impacted financial markets, including cryptocurrencies. Bitcoin (BTC) experienced a notable decline, dropping below $82,000 on April 3. As of today, BTC is trading at $82,812.

Similarly, Ethereum (ETH) and Binance Coin (BNB) have seen declines, with ETH at $1,786.89 and BNB at $592.75.

Market analysts attribute these downturns to investor uncertainty following the tariff announcements. Some experts suggest that while the immediate reaction is negative, the long-term implications could be favorable for decentralized assets like Bitcoin, as tariffs may weaken the U.S. dollar's dominance, potentially enhancing the appeal of cryptocurrencies.

Investors are advised to monitor these developments closely, as the evolving trade landscape may continue to influence market dynamics across traditional and digital asset classes.