The setback in the sector occurs after the announcement of a new round of tariffs by Donald Trump. The president of the United States confirmed that he will apply a 25% tax to vehicles imported from April 2.
The market of cryptocurrencies Experience a bearish day, with Bitcoin (BTC) giving 0.7% and moving away from US $ 88,000 according to Binance, while Ethereum (ETH) loses more than 1.9% and approaches the threshold of US $ 2,000.
The Altcoins do not escape the negative trend, with generalized decreases of up to 6.4%of the hand of Toncoin, Shiba Inu (-6%), hedera (-4.14%) and Cardano (-3.9%).
The setback in the sector occurs After the announcement of a new round of tariffs by Donald Trump. The president of the United States confirmed that he will apply a 25% tax to the imported vehicles from April 2 and extend this tariff to the manufacturing components since May 2, with the possibility of including more pieces if you consider it necessary. In addition, Trump warned that he could even more harden the rates to countries that, according to him, seek to harm the US economy.
This commercial uncertainty could affect Bitcoin in the short term and other cryptocurrencies, since financial markets usually move in tune. A strengthening of the US dollar, driven by capital entrance due to tariffs, I could press even more down the prices of cryptoactive ones, since investors could prefer refuge assets such as gold.
Optimistic opinions for the course of cryptocurrencies
However, not all analysts are pessimistic. Jeff Mei, Btse’s strategist, argues that “the worst could have been left behind” for the cryptocurrency market in 2025, despite the uncertainty in the commercial front. Mei considers that the reduction of inflationary fears in the US and the Possible proximity to rates cuts could boost a bullish trend in prices.
In this sense, analysts emphasize that the next key catalyst for the crypto market could be the publication of the Personal Consumption Expenditure Index (PCE), the favorite indicator of the Federal Reserve (Fed) to evaluate inflation. The Fed recently reviewed its inflationary forecasts and reduced its growth estimates, partly due to Trump’s aggressive commercial policies. Nevertheless, The Central Bank described this inflationary rebound as “transitory” and maintains its forecast to make two rate cuts in the year, which has been interpreted as a positive signal for risk assets.
On the other hand, Some experts suggest that the impulse generated by Gamestop’s recent decision to invest in Bitcoin It could have been more ephemeral than expected. The company announced a convertible debt issuance for 1.3 billion dollars to finance the purchase of BTC, with five -year senior bonds and without interest coupon.
Source: Ambito
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