Recent announcements by U.S. President Donald Trump regarding new automobile import tariffs have significantly impacted global markets. This event, accompanied by fluctuations in financial and cryptocurrency markets, has sparked a fresh wave of uncertainty.
Introduction of New Automobile Tariffs
On April 3, a 25% tariff on automobile imports to the U.S. will be effective, coinciding with retaliatory tariffs from major U.S. trading partners. Asian markets reacted sharply; Japan and South Korea's stock exchanges closed with significant losses.
Institutional Preferences: Bitcoin vs. Ethereum
Despite recent developments, the cryptocurrency market remains weak. Institutional investors favor Bitcoin, showing reluctance towards Ethereum. Since March 14, 2025, Bitcoin ETFs recorded a net inflow of $944.9 million, while Ethereum ETFs saw an outflow of $112.1 million. Meanwhile, the successful activation of the 'Pectra' upgrade on Ethereum's test network may signal hopes for a bullish correction.
Focus on Bitcoin Options Expiry
The expiration of Bitcoin options valued at $12.2 billion has become a focal point of market activity. The maximum pain level is set at $85,000, with Bitcoin trending downward. Stabilizing spot prices are accompanied by decreasing short-term volatility. Investors await PCE inflation data and Trump's new announcements.
The escalation of trade wars and focus on fundamental changes in cryptocurrency markets continue to create tension and uncertainty.
