{"id":126095,"date":"2025-03-30T13:17:36","date_gmt":"2025-03-30T13:17:36","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126095"},"modified":"2025-03-30T13:17:36","modified_gmt":"2025-03-30T13:17:36","slug":"trumps-trade-war-pressures-crypto-market-as-april-2-tariffs-loom","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126095","title":{"rendered":"Trump\u2019s trade war pressures crypto market as April 2 tariffs loom"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsConcerns over a global trade war continue to pressure traditional and cryptocurrency markets as investors brace for a potential tariff announcement from US President Donald Trump on April 2 \u2014 a move that could set the tone for Bitcoin\u2019s price trajectory throughout the month.<br \/>\nTrump first announced import tariffs on Chinese goods on Jan. 20, the day of his inauguration as president.<br \/>\nGlobal tariff fears have led to heightened inflation concerns, limiting appetite for risk assets among investors. Bitcoin (BTC) has fallen 18%, and the S&amp;P 500 (SPX) index has fallen more than 7% in the two months following the initial tariff announcement, according to TradingView data, TradingView data shows.<br \/>\n\u201cGoing forward, April 2 is drawing increased attention as a potential flashpoint for fresh US tariff announcements,\u201d Stella Zlatareva, dispatch editor at digital asset investment platform Nexo, told Cointelegraph.<br \/>\nS&amp;P 500, BTC\/USD, 1-day chart. Source: TradingView\u00a0Investor sentiment took another hit on March 29 after Trump pressed his senior advisers to take a more aggressive stance on import tariffs, which may be seen as a potential escalation of the trade war, the Washington Post reported, citing four unnamed sources familiar with the matter.<br \/>\nThe April 2 announcement is expected to detail reciprocal trade tariffs targeting top US trading partners. The measures aim to reduce the country\u2019s estimated $1.2 trillion goods trade deficit and boost domestic manufacturing.<br \/>\nRelated: Bitcoin \u2018more likely\u2019 to hit $110K before $76.5K \u2014 Arthur Hayes<br \/>\nBitcoin ETFs, whales continue accumulating<br \/>\nDespite mounting uncertainty, large Bitcoin holders \u2014 known as \u201cwhales,\u201d with between 1,000 BTC and 10,000 BTC \u2014 have continued to accumulate.<br \/>\nAddresses in this category have remained steady since the beginning of 2025, from 1,956 addresses on Jan. 1 to over 1,990 addresses on March 27 \u2014 still below the previous cycle\u2019s peak of 2,370 addresses recorded in February 2024, Glassnode data shows.<br \/>\nWhale address count. Source: Glassnode\u201cRisk appetite remains muted amid tariff threats from President Trump and ongoing macro uncertainty,\u201d according to Iliya Kalchev, dispatch analyst at Nexo, who told Cointelegraph:<br \/>\n\u201cStill, BTC accumulation by whales and a 10-day ETF inflow streak point to steady institutional demand. But hawkish surprises \u2014 from inflation or trade \u2014 may keep crypto rangebound into April.\u201d<br \/>\nRelated: $1T stablecoin supply could drive next crypto rally \u2014 CoinFund\u2019s Pakman<br \/>\nThe US spot Bitcoin exchange-traded funds halted their 10-day accumulation streak on March 28 when Fidelity\u2019s ETF recorded over $93 million worth of outflows, while the other ETF issuers registered no inflows or outflows, Farside Investors data shows.<br \/>\nBitcoin ETF Flows. Source: Farside InvestorsDespite short-term volatility concerns, analysts remained optimistic about Bitcoin\u2019s price trajectory for late 2025, with price predictions ranging from $160,000 to above $180,000.<br \/>\nMagazine: SCB tips $500K BTC, SEC delays Ether ETF options, and more: Hodler\u2019s Digest, Feb. 23 \u2013 March 1<a href=\"https:\/\/cointelegraph.com\/news\/trump-s-trade-war-pressures-crypto-market-as-april-2-tariffs-loom?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsConcerns over a global trade war continue to pressure traditional and cryptocurrency markets as investors brace for a potential tariff announcement from US President Donald Trump on April&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126095"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126095"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126095\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126095"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}