The new US tariffs introduced by President Donald Trump have significantly impacted the cryptocurrency market, causing volatility and price declines for BTC and major altcoins.
US Tariffs and Their Impact on the Crypto Market
The tariffs imposed by the US on China, Canada, and Mexico have created instability in global markets, including cryptocurrencies. These changes affected the prices of Bitcoin and other digital assets.
BTC and Altcoin Price Decline
Bitcoin's price dropped to $91,000, while altcoins like Ethereum, Dogecoin, and XRP experienced even larger declines. This decrease has multiplied investors' losses.
Expert Forecasts for Recovery
Crypto analyst Matthew Hyland expects altcoins to recover no earlier than April. He notes that after the significant liquidation on February 3rd, the bottom may have been reached, but the recovery process will likely take time. He advises investors to keep their expectations low regarding a quick recovery.
The impact of new US tariffs on the cryptocurrency market highlights the importance of global policy for digital assets. Analysts warn that the recovery may take considerable time.
