The world is in an uproar over the increase in import tariffs imposed by United States (US) President Donald Trump. The increase in tariffs is quite high and has skyrocketed multiple times over.

Economic turmoil is predicted to hit the countries affected by Donald Trump's tariff increase. This includes Indonesia, where Donald Trump has imposed a tariff of 32 percent for those wishing to export to the US.

One of the sectors affected by the new regulations is the cryptocurrency or crypto asset trading market. Nevertheless, the crypto market saw gains on Tuesday (April 8), with Bitcoin touching the price area of USD 80,000 after having corrected to USD 74,000 on Monday (April 7).