Trump’s trade war pressures crypto market as April 2 tariffs loom
The concerns about a world trade war continue to put pressure on traditional markets and cryptocurrencies while investors are preparing for a potential price announcement by American president Donald Trump on April 2 – a decision that could set the tone for the trajectory of Bitcoin prices throughout the month.
Trump announced for the first time the import rates on Chinese products on January 20, the day of its inauguration as president.
The fears of world prices have caused increased inflation problems, limiting appetite for risk assets among investors. Bitcoin (BTC) fell by 18% and the S&P 500 index (SPX) fell by more than 7% in the two months of the initial rate announcement, according to tradingView data, according to tradingView data.
“In the future, April 2 attracts increased attention as a potential flash point for new American pricing announcements,” said Digital Asset Platform Nexo at Cointelegraph Stelatareva.
S&P 500, BTC / USD, graphic at 1 day. Source: Tradingview
The feeling of investors took another hit on March 29 after Trump reached his superior advisers to take a more aggressive position on import rates, which can be considered a potential escalation of the trade war, reported the Washington Post, citing four familiar name sources.
The announcement of April 2 should detail the reciprocal trade rates targeting the best American business partners. The measures aim to reduce the estimated trade deficit by $ 1.2 billion of the country and to stimulate national manufacturing.
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Bitcoin ETF, whales continue to accumulate
Despite increasing uncertainty, major Bitcoin holders – called “whales”, with between 1,000 BTC and 10,000 BTC – continued to accumulate.
The addresses in this category have remained stable since the beginning of 2025, from 1,956 addresses on January 1 to more than 1,990 addresses on March 27 – still below the peak of the previous cycle of 2,370 addresses recorded in February 2024, according to Glassnode data.
Number of whale addresses. Source: Glass nose
“Risk appetite remains in a mute in the midst of President Trump’s pricing threats and the ongoing macro uncertainty,” according to Iliya Kalchev, Dispatch analyst at Nexo, who told Cintelegraph:
“However, the accumulation of BTC by whales and a sequence of 10 -day entries on ETFs point to a stable institutional request. But benweed surprises – inflation or trade – can maintain the cryptographic range in April. ”
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The funds negotiated in exchange for American Bitcoin Bitcoin Bitcoin interrupted their 10 -day accumulation sequence on March 28, when Fet de Fidelity recorded more than $ 93 million outings, while other ETF issuers did not record any input or outputs, according to data from distant investors.
Bitcoin ETF flows. Source: Wacky Investors
Despite short -term volatility problems, analysts remained optimistic about the trajectory of bitcoin prices for the end of 2025, with price forecasts ranging from $ 160,000 to more than $ 180,000.
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