The tariff war initiated by Donald Trump is already charging his first victims in the United States stock market. Millionaire losses of the main bags, warnings about an increase in inflation and an uncertain panorama become the main global concern. In contrast, the Bitcoin market seems to be becoming a refuge in the face of the collapse of the economy.
Wall Street losses exceeded yesterday, April 4, cryptocurrency market capitalization (USD 2.6 billion) with A fall of 3.5 billion dollars.
Magnificent-7 actions that experienced greater depreciation are Tesla (Tsla), with a 10.42%drop, closely followed by NVIDIA (NVDA) with a 7.36% drop and Apple (AAPL) with a 7.29% drop, according to TrainingView data.
The Dow fell 2,200 points and the S&P 500 registered a 10% loss in two days. In addition, Nasdaq 100 contracted 6% during the day, its largest fall since 2020, as the Kobeissi Letter points out.
These metrics contrast with the apparent stability of the cryptocurrency market that He obtained tickets during the day of 5.4 billion dollars, What could be an indication that investors are looking for refuge among cryptoactives.
Since April 2, when Donald Trump announced tariff measures that affect most globe countries, Bitcoin (BTC) has remained above $ 82,000, despite the high volatility he has experienced during the first quarter of 2025.
As can be seen in the following graph, the price of Bitcoin remained in a range between USD 81,000 and USD 87,000 during the last 7 days, with a behavior that responds to the predominant nervousness in the markets.
Bitcoin is not the only currency that obtained profits in the day. At the time of writing this article, the main cryptocurrencies of the market draw green graphics, although with rather modest increases: ETH (0.35%), XRP (1.78%), BNB (0.52%) Sun (1.32%) according to Coinmarketcap.
This panorama states that both Bitcoin and the US stock market. It is decoupled.
Fed warns about greater inflation
In a public conference that same day, the president of the United States Federal Reserve, Jerome Powell, warned that «reciprocal tariffs» could have a significant impact on the US economy, triggering «greater inflation and slower growth.»
Powell adopted a prudent tone by analyzing the possible repercussions of these protectionist measures, highlighting that tariffs could boost inflation «in the next quarters.»
This scenario would put in check the inflation target of 2% of the Fed, Just when the recent rates cuts had fed hopes of a soft landing for the economy. «While it is very likely that tariffs generate at least one temporary increase in inflation, it is also possible that its effects are more persistent,» said Powell, underlining the uncertainty surrounding these policies.
A prolonged inflationary rebound could reinforce the attractiveness of cryptocurrencies as a refuge against the devaluation of the dollar, although simultaneous economic deceleration could limit appetite due to risk in this sector. For now, both traditional and cryptoactive markets remain attentive to the next decisions of the Federal Reserve and the measures of different governments in relation to the «reciprocal tariffs» imposed by Trump.
The tariff war initiated by Trump
The war of tariffs unleashed by Donald Trump climbed global commercial tensions, with the United States imposing a 34% tariff on Chinese imports and 20% to products from the European Union as of April 9, among other countries worldwide, as NoticiasVE reported.
China responded with tariffs of 34% to all American products since April 10, in addition to restrictions on rare earth exports and sanctions to American companies.
Other powers also reacted: Canada imposed 25% tariffs on US goods for 20.5 billion dollars, with plans to extend them to 85,000 million more, while the European Union prepares measures for 22,500 million euros, including 50% of American liquors.
Different analysts suggest that Trump is pressing Jerome Powell to lower interest rates and refinance the United States debt. The consequences begin to be seen and in the coming months we could witness how more expensive inflation and products will affect the pocket of consumers throughout the globe.
In addition, the capacity of companies to sustain production could weaken in economies that currently depend largely on international trade. In this context, Bitcoin could benefit as a refuge of value.