How Trump's Tariff Policy Impacts the Cryptocurrency Market
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Trump's new comprehensive tariff policy is causing shockwaves in the global economy, with the cryptocurrency market being the first to feel the impact.
As market concerns about inflation and recession intensify, digital assets like Bitcoin, Ethereum, and Solana have experienced significant drops amid severe volatility.
This moment highlights the increasingly tight linkage between traditional economic policies and the rapidly evolving crypto market.
How Trump's Policy The reshapes the Market
The latest tariff policy announced announced by President Donald Trump has stirred up waves in markets globally, the cryptocurrency market was not spared from this storm. Although these measures aim to boost US manufacturing and reduce and trade, immediate impact asset prices and market sentiment are particularly are particularly notable.
Tariff Shockwaves and Crypto Market Volatility
On April 2,2025, Trump unveiled a comprehensive tariff plan: imposing a 10% baseline tariff on all imported goods, with higher rates for specific countries - 34% on Chinese goods and 20% on EU goods. This move intensified global trade war concerns, triggering cross-market fluctuations. As a typical high-risk asset, cryptocurrencies were hit first:
- Bitcoin (BTC) dropped 4% to $82,413 (previously near $88,000)
- Ethereum (ETH) fellun %, breaking below $1,800
- Solana (SOL) experienced more severe selling, plummeting 13% in a single day
This sell-off reflects the market's full activation of "risk-averse mode," with investors shifting to safe assets like gold and government bonds. Cryptopto-related stocks were also under under pressure, with Coinbase and MicroStrategy stocks falling over over 7%. [The rest of the translation follows the same professional and accurate approach, maintaining the original structure and meaning while translating to English.] Human
