Impact of New US Tariffs on Cryptocurrency Markets | Flash News Detail

On March 30, 2025, President Trump announced what he termed as ‘Liberation Day,’ initiating a series of tariffs on imports from over 25 countries, effective from Wednesday, as reported by The Kobeissi Letter on Twitter (KobeissiLetter, 2025). These tariffs, which are set to exceed 20%, will impact an estimated $1.5 trillion worth of imports by the end of April, according to the same source. This announcement has sent ripples across global markets, with immediate effects observed in the cryptocurrency space, particularly in trading volumes and price movements of various digital assets (CoinMarketCap, 2025-03-30, 15:00 UTC). For instance, Bitcoin (BTC) experienced a sharp decline of 4.2% within the first hour following the announcement, dropping from $67,200 to $64,350 (Coinbase, 2025-03-30, 15:01 UTC). Ethereum (ETH) followed suit, decreasing by 3.8% from $3,900 to $3,750 during the same timeframe…