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With rates that include a general tax of 10%and higher rates for key commercial partners such as China (34%) and the European Union (20%), the measure seeks to correct what Trump described as «decades of commercial imbalances.»
After Trump’s speech in the White House Rose Garden, cryptocurrency markets reacted with extreme volatility. Bitcoin (BTC), the leading cryptocurrency, experienced an initial rebound that led him to touch the $ 88,000 in the first minutes of the announcement, fed by the speculation that he could position himself as a refuge against economic uncertainty. However, this euphoria lasted little. As the details of the tariffs were clarified and the implications began to digest, the price of Bitcoin collapsed, falling below the 83,000 dollars in the following hours, a setback of more than 4%.
Other important cryptocurrencies did not escape the impact. Ethereum (ETH) He lost more than 6%, while Solana (Sol) and XRP recorded falls of up to 12%. According to Coinglass data, in the first 24 hours after the announcement more than 509 million dollars were settled in leverage positions, affecting about 94,000 traders. The Crypto Fear & Greed index, which measures the feeling of the market, sank 25, reflecting a state of «extreme fear.» This movement reflected a massive sale of risk assets, a pattern that cryptocurrencies have followed in moments of economic tension, despite their narrative as a decentralized alternative to the traditional financial system.
Why is this fall?
Crypto market reaction can be explained by several interconnected factors. First, Trump’s tariffs have fueled fears of a global commercial war, with countries like China and the European Union promising reprisals. This scenario raises the possibility of accelerated inflation and economic slowdown, which reduces the available liquidity for speculative assets such as cryptocurrencies. In fact, gold reached a historical maximum above $ 3,200, the ounce before slightly retreat, while the yields of US bonds fell, indicating a security search.
Second, the correlation between cryptocurrencies and traditional markets, such as S&P 500 and Nasdaq, has increased in recent years. The collapse of the S&P 500, which lost almost 5% and erased more than 2 billion dollars in capitalization in minutes, dragged Bitcoin with them and other Altcoins. This dynamic was exacerbated by the fact that the announcement occurred outside the schedule of traditional markets, leaving cryptocurrencies as the first indicator of the global reaction.
Despite the initial impact, some analysts see signs of hope. Hours after the fall, Bitcoin showed signs of recovery, stabilizing about $ 83,500, while the trading volume increased 46% in some exchanges, according to Razael Lucas of BTC Markets. «The brief initial rebound was a relief of uncertainty, but the posterior mass sale reflected a profit taking by great players,» says Lucas. This behavior suggests that, although the crypto market is still vulnerable to external shocks, it also has a rapid adjustment capacity.
Larry Fink, CEO of Blackrock, recently warned about the risks of an escalation of US public debt and the possible search for alternatives to the dollar. In a global financial fragmentation scenario, Bitcoin could be consolidated as a coverage against inflation and monetary instability.
While the world awaits the responses of the United States business partners and the possible negotiations that could soften or aggravate the tariff war, the crypto market remains in a state of alert. Is this the moment when Bitcoin demonstrates its value as a refuge, or will it remain tied to the tides of risk assets? Only time will say it, but for now, volatility remains the only certainty.