Risk assets such as Bitcoin (BTC), XRP (XRP), Solana (Sol) returned to focus as President Donald Trump warned more reward tariffs if other countries were collude to do “economic harm” in the US
“If the European Union is working in Canada to do economic damage to the USA,” he wrote in a society reality in the early hours of Asian Thursday, “the large sizes of tariffs, larger than the currently planned, will be placed in both of them to protect the best friends that each of the two countries have!”
“The day of liberation in America is coming, soon,” Trump wrote in a separate post. “For years we have been torn by almost every country in the world, both friends and enemies. But those days are over – America first !!!”
The post will come the day after reports that the concerns of the tariffs are overblown, and the overall effect is more measurable than expected.
Earlier this month, Trump imposed 25% tariffs on imports from Canada and Mexico, in conjunction with a 20% abstinence of Chinese goods, citing national security concerns in immigration and fentanyl trafficking. Now, with the EU and Canada in its crosshairs, markets can be bracing for another Jolt.
Tariffs, by their nature, interfere with economic stability -increased costs for imported goods, inflation, and pressing central banks such as the Federal Reserve to tighten the financial policy.
Such motions can spell problems for BTC and other tokens in the short term, as the crypto market often moves in conjunction with equality, which tends to weaken under trade uncertainty. A stronger US dollar, boosted by the tariff -driven tariff -driven tariff, could have been more depressed by BTC prices, as investors flee to safe havens such as gold or cash.
Trump’s post was dampened a bullish mood at Asian times, with nobility showing a brief sale. XRP and Sol fell 2%, the Ether (ETH) and the BNB Chain’s BNB remained small, while Dogecoin (DOGE) retreated from a 3.5% move higher over the past 24 hours.
Sui shines, analysts remain bullish
Outside the top ten tokens of the Market Cap, Sui Network’s SUI posted a 7% advance ahead of the Walrus Network, a protocol of having data developed in SUI, live on Mainnet later Thursday.
Meanwhile, some say Asian development can provide a catalyst for bitcoin prices among the US headwind focused.
“While US regulators are starting to cut back on restricted policies, Asian institutions are making waves by releasing new funds, products, and innovative ideas supported by pro-crypto regulations in major jurisdictions,” Jupiter Zheng, Hashkey Capital partner, said in the coindesk in a telegram message.
“The next leg of the Bull Market can find its walk to Asia as the Center for Growth in the Industry,” Zheng added.
BTSE’s Jeff Mei had a more optimistic view of Thursday morning.
“Bitcoin and other cryptocurrencies have recovered in recent days, even though stock markets have dropped in response to the President’s President’s President’s announcement. It shows that the worst can be completed for crypto markets this year, and we can see an uphill trajectory in prices while US fears are scared subsides.
The merchants are Looking at the release of the upcoming data consumption data (PCE) on March 28, which influences interest rate decisions.
