After Donald Trump’s tariff announcements, the cryptocurrency market began to falter. Investors are feeling uncertain and panicked, partly because Trump did not mention cryptocurrency in his speech. Historically, when risk rises in traditional markets, investors tend to move away from crypto and shift to safer assets like gold or the dollar.

On Wednesday night, US President Donald Trump announced new tariff rates. The impact of these tariffs on US trading partners is also being felt in the crypto market. Bitcoin and other major cryptocurrencies dropped after the tariff announcement. By Thursday morning, Bitcoin, the largest digital asset, had fallen by 4% in Singapore, dropping to $82,000. Similarly, Ether and XRP also saw declines.

Market Uncertainty Increases After Trump’s Tariff Announcement

Minutes after US President Donald Trump announced new tariffs, Bitcoin dropped from $88,000 to $85,000. Many investors were expecting Trump to clarify his stand on cryptocurrency policies. However, his silence on the matter has added more uncertainty to the market.

Trump’s New Tariff Policy

On Wednesday night, President Trump announced that a minimum 10% tariff will be imposed on all US exports.
In addition, he declared:

  • 26% tariff on India
  • 34% on China
  • 24% in Japan
  • 20% on the European Union

Trump also stated that he plans to impose additional tariffs on about 60 countries with the largest trade imbalances with the US.

Crypto Market Reacts to Global Trade Tensions

After these announcements, the crypto market started falling. Experts say this happened because Trump didn’t mention anything about cryptocurrency, which left investors worried.
Historically, when risks increase in traditional markets, investors often move from crypto to safer assets like gold or the US dollar.

Experts Share Their Views

John Wu, President of Ava Labs, said that cryptocurrency usually performs poorly during uncertain times—especially after events like interest rate hikes or new trade tariffs.

Ben Kurland, CEO of crypto research platform DYOR, added that the market is likely to fall during this period of “alpha” (early-stage market reaction), not directly due to tariffs but because of unpredictable policies. According to him, traders prefer stability and avoid uncertain conditions.