Crypto Market Overview: Tariffs from Trump Put Pressure on Bitcoin
A brief look at recent movements in cryptocurrency markets as political decisions loom.
Key Updates
You are tuned into the Crypto Daybook Americas, which is your morning briefing for April 1, 2025, shedding light on the latest in crypto markets, including Bitcoin, Ethereum, and their trends.
Market Performance
Bitcoin is gaining traction, jumping 2% to surpass $84,000, supported by enthusiasm around memecoins as well as tokens aligned with AI and gaming. In traditional markets, gold is breaking records, soaring beyond $3,140, while futures suggest a promising start for major U.S. equity indices.
Political Landscape
President Donald Trump has committed to a “very kind” yet firm stance towards trading partners as reciprocal tariffs are due for announcement on Wednesday.
However, uncertainty about tariffs has induced nervousness in the market. A hefty tariff announcement could escalate inflationary expectations, putting downward pressure on the prices of risk assets like cryptocurrencies.
Upcoming disclosures by the Treasury regarding Bitcoin holdings will happen on April 5, marking compliance with an executive order issued by Trump earlier this month.
Analytical Insights
The Bitcoin market is showing signs of caution, with considerations about its one-year percentage changes suggesting approaching bearish territory, as observed by research firm Alphractal. Predictions indicate potential downward movements correlated with past indicators.
Broader Market Context
Decentralized data liquidity platform Vana has introduced the VRC-20 data token standard to enhance trust in data token transactions.
Keep an eye on the volatile Treasury market, as increasing Treasury volatility often correlates with a global financial tightening, reducing interest in risk assets.
What to Watch Next
- Crypto Events: Launch of ONINO mainnet and U.S. House Financial Services Committee updates.
- Macro Events: Multiple PMI releases along with anticipated speeches from Fed officials.
Final Thoughts
Investors should remain cautious as the interplay of political actions and economic indicators continues to shape market dynamics.
