{"id":20336,"date":"2025-04-03T02:01:51","date_gmt":"2025-04-03T02:01:51","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=20336"},"modified":"2025-04-03T02:01:51","modified_gmt":"2025-04-03T02:01:51","slug":"national-emergency-as-trumps-tariffs-dent-crypto-prices","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=20336","title":{"rendered":"\u2018National emergency\u2019 as Trump\u2019s tariffs dent crypto prices"},"content":{"rendered":"<div>\n<p style=\"float:right; margin:0 0 10px 15px; width:240px;\"><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5NWY4ZGEtODA0NS03NDliLThiYjAtZWUyY2UyZjE5Njkw.jpg\"><\/p>\n<\/p>\n<p style=\"float:right; margin:0 0 10px 15px; width:240px;\"><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5NWY4ZGEtODA0NS03NDliLThiYjAtZWUyY2UyZjE5Njkw.jpg\" alt=\"\u2018National emergency\u2019 as Trump\u2019s tariffs dent crypto prices\"><\/p>\n<p>Crypto markets dipped after US President Donald Trump&#8217;s declaration of a national emergency and sweeping tariffs on all countries as part of his latest salvo in the ongoing trade war.\u00a0<\/p>\n<p>The Trump administration has hit all <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/president-trump-signs-reciprocal-tariff-executive-order\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">countries with a 10% tariff starting April 5<\/a>, with some countries facing even larger rates, such as China facing a 34% tariff, the European Union 20%, and Japan 24%.\u00a0<\/p>\n<p>During an April 2 speech in the Rose Garden at the White House, Trump <a data-ct-non-breakable=\"null\" href=\"https:\/\/www.whitehouse.gov\/live\/\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">said<\/a> the US is charging countries \u201capproximately half of what they are and have been charging us.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udea8 <a href=\"https:\/\/twitter.com\/POTUS?ref_src=twsrc%5Etfw\">@POTUS<\/a> signs an Executive Order instituting reciprocal tariffs on countries throughout the world.<\/p>\n<p>It&#8217;s LIBERATION DAY in America! <a href=\"https:\/\/t.co\/p7UnfE617B\">pic.twitter.com\/p7UnfE617B<\/a><\/p>\n<p>\u2014 Rapid Response 47 (@RapidResponse47) <a href=\"https:\/\/twitter.com\/RapidResponse47\/status\/1907540793130115192?ref_src=twsrc%5Etfw\">April 2, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/learn\/articles\/what-is-a-cryptocurrency-a-beginners-guide-to-digital-money\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">crypto market<\/a> briefly went up at the news of a 10% sweeping tariff,\u00a0 but once the full scope became known, it dipped with bleeding across the board.\u00a0<\/p>\n<p>Bitcoin (<a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/bitcoin-price\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">BTC<\/a>) had <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-rally-to-88-5-k-obliterates-bears-as-spot-volumes-soar-will-a-tariff-war-stop-the-party\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">been staging a rally, reaching a session high at $88,500<\/a> but <a data-ct-non-breakable=\"null\" href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">dropped<\/a> 2.6% back to around $82,876. Meanwhile, CoinGecko data\u00a0<a data-ct-non-breakable=\"null\" href=\"https:\/\/www.coingecko.com\/en\/coins\/ethereum\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">shows<\/a>\u00a0Ether (<a data-ct-non-breakable=\"null\" href=\"https:\/\/www.coingecko.com\/en\/coins\/ethereum\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">ETH<\/a>) dropped over 6% from $1,934 to $1,797 following the tariff announcements and the total crypto market cap\u00a0<a data-ct-non-breakable=\"null\" href=\"https:\/\/www.coingecko.com\/\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">dropped<\/a>\u00a05.3% to $2.7 trillion.\u00a0<\/p>\n<p>The Crypto Fear &amp; Greed Index, which measures market <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/learn\/articles\/what-is-bitcoin-a-beginners-guide-to-the-worlds-first-cryptocurrency\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">sentiment for Bitcoin<\/a> and other cryptocurrencies, <a data-ct-non-breakable=\"null\" href=\"https:\/\/alternative.me\/crypto\/fear-and-greed-index\/\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">returned<\/a> a score of 25, classed as extreme fear, in its latest April 2 update.\u00a0<\/p>\n<p>However, prices have clawed back some losses since. Bitcoin has recovered 0.8% to $83,205. While Ether regained 1.2% to take back $1,810.<\/p>\n<figure><img decoding=\"async\" alt=\"Cryptocurrencies, Investments, United States, Stocks, Donald Trump\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-04\/0195f93d-54ef-7c7e-b33d-755c82075ca2\" title=\"\"><figcaption style=\"text-align: center;\">\n<p><em>The crypto Fear &amp; Greed Index score has returned an average rating of fear for the last week but has now dipped to extreme fear. Source: <\/em><a data-ct-non-breakable=\"null\" href=\"http:\/\/alternative.me\/\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\"><em>Alternative.me<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n<p>Stock markets didn&#8217;t fare much better; trading resource The Kobeissi Letter <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/KobeissiLetter\/status\/1907556839686054240\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">said<\/a> in an April 2 post to X that the stock market index S&amp;P 500 erased over $2 trillion in market cap, working out to be roughly $125 billion per minute.<\/p>\n<h2>Trump tariffs could bring certainty to markets<\/h2>\n<p>Rachael Lucas, a crypto analyst at Australian crypto exchange BTC Markets, said the brief surge was a case of \u201cuncertainty relief,\u201d\u00a0 then a sell-off as the full tariff details were released.\u00a0<\/p>\n<p>\u201cOn BTC Markets, trading volume surged 46% as local traders scrambled to reposition. Big players took profit on the spike, while smaller investors hesitated,\u201d she said in a statement. <\/p>\n<figure><img decoding=\"async\" alt=\"Cryptocurrencies, Investments, United States, Stocks, Donald Trump\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-04\/0195f93e-2c33-72b5-9193-2ef875508a33\" title=\"\"><figcaption style=\"text-align: center;\">\n<p><em>Source: <\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/DaanCrypto\/status\/1907526826986971639\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\"><em>Daan Crypto Trades<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n<p>She added that if China or the European Union \u201chit back hard,\u201d <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-traders-are-overstating-the-impact-of-the-us-led-tariff-war-on-btc-price\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">expect another round of panic selling<\/a>.<\/p>\n<p>US Treasury Secretary Scott Bessent <a data-ct-non-breakable=\"null\" href=\"https:\/\/www.bloomberg.com\/news\/videos\/2025-04-02\/bessent-tariffs-offer-certainty-barring-retaliation\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">urged<\/a> US trading partners in an April 2 interview with Bloomberg against taking retaliatory steps, arguing \u201cthis is the high end of the number\u201d for tariffs if they don&#8217;t try to add more levies in response, which could provide a \u201cceiling\u201d and certainty for markets.<\/p>\n<p>David Hernandez, a crypto investment specialist at crypto asset manager\u00a0 21Shares, told Cointelegraph that markets experienced significant volatility during Trump\u2019s speech, but the clarity could be a good thing in the long term.\u00a0<\/p>\n<p>\u201cAlthough the tariff rates were slightly higher than expectations, the announcement provided much-needed clarity on the scope and scale of the policy,\u201d he said.<\/p>\n<p><em><strong>Related: <\/strong><\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/crypto-market-bottom-june-trump-tariffs\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\"><em><strong>70% chance of crypto bottoming before June amid trade fears: Nansen<\/strong><\/em><\/a><\/p>\n<p>\u201cMarkets thrive on certainty, and with speculation now largely removed, institutional investors may see an opportunity over the coming days to take advantage of compressed valuations.\u201d<\/p>\n<p>Hernandez says global responses will be key for the market going forward, speculating that Mexico and key East Asian economies, including China, South Korea, and Japan, could be evaluating countermeasures.<\/p>\n<p><em><strong>Magazine: <\/strong><\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/magazine\/financial-nihilism-crypto-over-dream-big-again\/\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\"><em><strong>Financial nihilism in crypto is over \u2014 It\u2019s time to dream big again<\/strong><\/em><\/a><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\" label=\"Subscription Form: Markets Outlook\"><\/template>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Crypto markets dipped after US President Donald Trump&#8217;s declaration of a national emergency and sweeping tariffs on all countries as part of his latest salvo in the ongoing trade war.\u00a0 The Trump administration has hit all countries with a 10% tariff starting April 5, with some countries facing even larger rates, such as China facing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-20336","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20336"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20336\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}