The concerns about a worldwide trade war are under pressure on traditional and cryptocurrency markets.
Trump announced for the primary time on January 20, the day of his inauguration as President.
Global fear of tariffs have led to increased inflation concerns, which restricted the appetite for risk assets amongst investors. Bitcoin (BTC) has dropped by 18%, and the S&P 500 (SPX) Index has dropped by greater than 7% within the two months after the initial tariff announcement. According to the TradingView data.
“In the longer term, April 2 might be increased as a possible flashpoint for brand spanking new US tariff announcements,” Stella Zlatareva, shipping editor at Digital Asset Investment Platform Nexo, told CoinTelegraph.
S&P 500, BTC/USD, 1-day diagram. Source: Tradingview
On March 29, the investor Sentiment scored one other goal after Trump pushed his high -ranking advisors to take a more aggressive attitude towards import duties, which will be seen as a possible escalation of the trade war, the Washington Post reported 4 unnamed sources, citing 4 with the matter.
The announcement on April 2 is anticipated that you just are detailed mutual trading tariffs on TOP -US trading partners. The measures aim to cut back the estimated deficit of the products trade of 1.2 trillion dollars and increase domestic production.
Bitcoin ETFS, whales proceed to build up
Despite the increasing uncertainty, large Bitcoin owners – generally known as the “whale” with between 1,000 BTC and 10,000 BTC – have continued.
The addresses on this category have remained stable for the reason that starting of 2025, from 1,956 addresses on January 1 to over 1,990 addresses on March 27 – still under the height of the previous cycle of two,370 addresses, which were recorded in February 2024, equivalent to Glasnode data.
Count address address. Source: Glasnode
“The risk appetite is dampened on account of the tariff threat of President Trump and the continued macro uncertainty,” Iliya Kalchev, shipping analyst at Nexo, told CoinTelegraph:
“Nevertheless, the BTC accumulation through whales and a 10-day ETF inflow strip indicates a gentle institutional demand. But Hawkian surprises from inflation or trading skills crypto in April.”
The US Spot Bitcoin Exchange Traded Funds stopped their 10-day accumulation series on March 28, when Fidelity's ETF recorded drains value over 93 million US dollars, while the opposite ETF issuers didn’t register any tributaries or depressions, as Farside investor data show.
Bitcoin ETF flows. Source: Farside investors
Despite short -term volatility concerns, the analysts for the value course of Bitcoin remained optimistic for the top of 2025, with the value forecasts between $ 160,000 and over $ 180,000.
