The recent introduction of new tariffs by U.S. President Donald Trump has caused a sharp decline in the crypto market, though some experts see opportunities in the policy's clarity.
Introduction of New Tariffs
President Trump announced a national emergency and new tariffs of 10% on all countries starting April 5. The tariffs for China are set at 34%, the European Union at 20%, and Japan at 24%.
Crypto Market Reaction
Following the tariff news, the crypto market initially surged, but later declined. Bitcoin dropped 2.6% to $82,876, and Ether fell 6% from $1,934 to $1,797. The total crypto market capitalization decreased by 5.3% to $2.7 trillion.
Potential for Stabilization
Despite volatility, experts believe that the situation could lead to stabilization in the long term. Clarity and certainty of the new policy might attract institutional investors.
Trading has begun to recover partially. Experts believe that further responses from global economies, such as countermeasures from China or the European Union, will be crucial for future market impacts.
