#TrumpTariffs Immediate Market Turmoil

President Trump's April 2025 tariffs—a 10% baseline on all imports plus targeted rates (e.g., 54% on China, 36% on Thailand)—triggered a crypto market sell-off. Bitcoin plummeted from $88,500 to $74,500 (-15%), while Ethereum and Solana fell by 28% and 11.6%, respectively. Crypto stocks like Coinbase and MicroStrategy also dropped 6–10% as investors fled risky assets amid inflation and recession fears .

**Mining Sector Strain**

Tariffs disrupted crypto mining logistics, raising equipment costs by 20–36%. Major ASIC suppliers (e.g., Bitmain) shifted production to Southeast Asia, but new U.S. tariffs forced urgent relocations. For example, Luxor Technologies raced to import 5,600 miners from Thailand before April 9 deadlines to avoid 36% duties. Higher costs threaten smaller miners’ profitability and network security .