On April 2, 2025, US President Donald Trump signed an executive order imposing new import tariffs on 185 countries. This move triggered an immediate reaction in the financial markets: the S&P 500 and Nasdaq indices experienced declines, and the dollar weakened its position.
This is reported by Finway
The cryptocurrency sector also saw sharp volatility, with Bitcoin dropping to $82,175. The introduction of a base tariff of 10% on imports from 185 countries marked a turning point in international trade. For several countries with a trade balance deficit with the United States, individual rates were set as high as 54%.
The US stock market suffered a significant crash following the announcement of the presidential order, losing $2 trillion in the first five minutes. At the same time, the digital asset market displayed considerable volatility: the first cryptocurrency lost over 6% of its value, according to TradingView data.
The Incrypted analytics team is investigating the situation surrounding the US trade war and its potential implications for the cryptocurrency market.