Trump Hikes Global Tariffs to 15%, Crypto Shrugs
The post Trump Hikes Global Tariffs to 15%, Crypto Shrugs appeared on BitcoinEthereumNews.com.
Key Insights: Trump raised the global tariff rate to 15%. Legal authority for tariffs faced renewed scrutiny. Crypto markets showed a muted reaction to the escalation. Donald Trump raised the global tariff rate to 15% on Saturday, effective immediately. The US President used alternative legal statutes after the Supreme Court limited his powers under the International Emergency Economic Powers Act (IEEPA). He announced the move on Truth Social and framed it as a response to long-running trade deficits. Despite previous volatility tied to tariff headlines, crypto markets held firm following the latest escalation. The tariff increase marked the latest phase in Trump’s broader trade strategy and introduced fresh macro uncertainty. Markets have reacted sharply to earlier tariff announcements this year, often triggering risk-off moves across digital assets. This time, however, crypto markets reacted differently, as traders cited legal constraints and the ruling’s potentially limited scope. Crypto Markets Hold Ground after Trump Tariff Shock TradingView data showed that Bitcoin held near $68,041 following the announcement, with minimal intraday volatility. Ether traded around $1,977 during the same period and reflected a similarly muted response. That stability contrasted with earlier tariff cycles that triggered sharp liquidations and abrupt shifts in derivatives positioning. Source: TradingView Total3, which tracks crypto market capitalization excluding Bitcoin and Ether, slipped by less than 1% and remained close to $713 billion. The modest decline suggested a contained spillover into broader altcoin markets. This shift occurred because traders appeared less reactive to trade rhetoric after weeks of headline-driven volatility. Equity markets previously saw sharp swings on tariff news, amplifying risk aversion across asset classes. In contrast, crypto derivatives funding rates stayed largely neutral, signaling balanced positioning. That reaction mirrored a broader cooling in macro sensitivity as participants awaited clearer enforcement details. Legal Constraints Shape Tariff Scope Truth Social posts confirmed that…
Filed under: News - @ February 23, 2026 4:25 pm