The post Trump’s trade war pressures crypto market as April 2 tariffs loom appeared on BitcoinEthereumNews.com.

Concerns 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 — a move that could set the tone for Bitcoin’s price trajectory throughout the month. Trump first announced import tariffs on Chinese goods on Jan. 20, the day of his inauguration as president. Global tariff fears have led to heightened inflation concerns, limiting appetite for risk assets among investors. Bitcoin (BTC) has fallen 18%, and the S&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. “Going forward, April 2 is drawing increased attention as a potential flashpoint for fresh US tariff announcements,” Stella Zlatareva, dispatch editor at digital asset investment platform Nexo, told Cointelegraph. S&P 500, BTC/USD, 1-day chart. Source: TradingView  Investor 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. The April 2 announcement is expected to detail reciprocal trade tariffs targeting top US trading partners. The measures aim to reduce the country’s estimated $1.2 trillion goods trade deficit and boost domestic manufacturing. Related: Bitcoin ‘more likely’ to hit $110K before $76.5K — Arthur Hayes Bitcoin ETFs, whales continue accumulating Despite mounting uncertainty, large Bitcoin holders — known as “whales,” with between 1,000 BTC and 10,000 BTC — have continued to accumulate. Addresses 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 — still below the previous cycle’s peak of 2,370 addresses…

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Filed under: News - @ March 30, 2025 2:11 pm