Crypto markets have been submerged following the announcement of President Donald Trump’s announcement of a national emergency and sweeping tariffs in all countries as part of his latest salvo in the ongoing trade war.
The Trump administration hit everyone Countries with 10% tariffs beginning April 5Along with some countries faced at a larger rate, such as China faced with a 34%tariff, the European Union 20%, and Japan 24%.
In an April 2 speech at the Rose Garden in the White House, Trump Says The US will charge the countries “approximately half of what they are and charge us.”
🚨 @Potus Signed an executive order that promotes rewards tariffs in countries around the world.
This is a day of liberation in America! pic.twitter.com/p7unfe617b
– Fast Response 47 (@RapidresPonse47) April 2, 2025
The Crypto Market Briefly climb the news of a 10% sweeping of the tariff, but once the full range is identified, it is sinking into bleeding throughout the board.
Bitcoin (Btc) had Became staging of a rally, reaching a session high to $ 88,500 But Fall 2.6% Back around $ 82,876. Meanwhile, coingecko data Shut up Ether (Eth) drops more than 6% from $ 1,934 to $ 1,797 following tariff announcements and the total captto market cap Fall 5.3% to $ 2.7 trillion.
The Crypto Fear & Greed Index, which measures the market feelings for bitcoin and other cryptocurrencies, come back A score of 25, classified as intense fear, in the latest update of April 2.
However, prices have returned some losses ever since. Bitcoin gained 0.8% to $ 83,205. While Ether heard 1.2% to restore $ 1,810.
The Crypto Fear & Greed Index mark returned an average fear rating for the past week but now sank in extreme fear. Source: Alternative.me
Stock markets are not better better; Resource Resource The Kobeissi letter Says In an April 2 post on X that the Stock Market Index S&P 500 was removed by more than $ 2 trillion on the market cap, working to approximately $ 125 billion per minute.
Trump tariffs can bring certainty to markets
Rachael Lucas, a crypto analyst in the Australian Crypto Exchange BTC Markets, said the short climb was a case of “uncertainty,” then a sale while full tariff details were released.
“In the BTC markets, trading volume moved 46% while local traders scrambled to the reposition. Large players earn in the spike, while smaller investors are reluctant,” he said in a statement.
Source: Trades of Crypto Road
He added that if China or the European Union “hits hard,” Expect another panic seller’s panic.
US Treasury Secretary Scott Bessent DUNIKOKOK US trading partners in an April 2 interview with Bloomberg against taking revenge measures, focusing “this is the high end of the number” for tariffs if they do not try to add more levies in response, which can provide a “ceiling” and certainty for the market.
David Hernandez, a crypto investment specialist in the Crypto Asset Manager 21shares, told Cointelegraph that markets have experienced significant volatility during Trump’s speech, but clarity can be a good thing in the long run.
“Although tariff rates are slightly higher than expectations, the announcement has provided more clarity in the scope and size of the policy,” he said.
Related: 70% chance of decreasing crypto before June amid trading fears: Nansen
“The markets have evolved in certainty, and in the speculation that has now been removed, institutional investors can see an opportunity in the coming days to take advantage of compressed values.”
Hernandez said global responses will be the key to the forward market, determining that the Mexico and Key East Asian Economies, including China, South Korea, and Japan, can assess countermeasures.
Magazine: Financial nihilism finished in crypto – it’s time to dream again big
