On March 25, 2025, U.S. President Donald Trump announced new tariffs on multiple industries, including automobiles and pharmaceuticals. The announcement affected financial markets, causing volatility across various sectors, particularly impacting cryptocurrencies and stocks.
Trump Tariffs Trigger Crypto Market Volatility
The new tariffs led to an immediate reaction in financial markets: the U.S. Dollar Index rose by 0.5%, while cryptocurrencies faced downward pressure. Bitcoin fell 2% to $85,200, and Ethereum declined 3% to $3,620. These changes stemmed from investors seeking safe assets amid perceived economic risks.
Expert Analysis: Tariffs May Fuel De-Dollarization
Experts suggest recent tariff measures could intensify de-dollarization trends, impacting global markets. Arthur Hayes, Co-founder of BitMEX, noted that such economic strategies might favor crypto as nations seek alternatives to the USD.
Trump's tariff measures have affected financial and cryptocurrency markets. Ongoing monitoring by economists and regulatory bodies will be crucial in assessing the long-term effects of these changes.
