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Вікторія ГорбікCrypto
8 April 2025, 10:55
2025-04-08
Behind the sine wave. What is happening with the crypto market against the backdrop of Trump's statements and tariffs and what crypto investors can expect
Against the backdrop of US President Donald Trump’s statements about the introduction of customs tariffs for a number of countries, the price of Bitcoin fell by almost 9% in half a day and reached about $75,000. Although analysts believe that due to Trump’s tariffs, some technology companies may lose all of their net profit in 2025, traders expressed some optimistic forecasts regarding cryptocurrency prices.
dev.ua decided to find out from major crypto players what to expect from the crypto market in the near future, both in relation to Bitcoin and other currencies. Also, what the changes depend on and what factors can directly affect, and what can be said about secondary factors. Here is what became known from Bitget, Binance and added a response from Trustee Plus.
Against the backdrop of US President Donald Trump’s statements about the introduction of customs tariffs for a number of countries, the price of Bitcoin fell by almost 9% in half a day and reached about $75,000. Although analysts believe that due to Trump’s tariffs, some technology companies may lose all of their net profit in 2025, traders expressed some optimistic forecasts regarding cryptocurrency prices.
dev.ua decided to find out from major crypto players what to expect from the crypto market in the near future, both in relation to Bitcoin and other currencies. Also, what the changes depend on and what factors can directly affect, and what can be said about secondary factors. Here is what became known from Bitget, Binance and added a response from Trustee Plus.
Crypto Markets on the Edge: Tariff Friction, ETH Liquidation Risks, and Miner Costs Shape BTC and ETH Prospects — Bitget
Ryan Lee, Chief Analyst, Bitget Research
Bitcoin and Ethereum have entered a critical phase of price consolidation amid escalating macroeconomic tensions.
BTC is currently trading in the $68,000 to $85,000 range, while ETH is trading between $1,300 and $2,000. Market volatility has increased following former President Trump’s «Liberation Day» statements and new tariffs, which have reignited fears of a potential global trade war. A stronger US dollar and rising US Treasury yields have also helped push Bitcoin down to an intraday low of around $77,000 as investors reacted to heightened uncertainty in global markets.
Ethereum, meanwhile, is under additional pressure as it nears a key support level of $1,550. Around $480 million is at risk of liquidation, and a break below this level could trigger a sell-off, fueled by sluggish network activity and low gas fees — both of which point to declining user engagement. ETH holdings on exchanges have also declined, suggesting holders are cautious amid fragile market sentiment.
Structurally, Bitcoin’s stability near $70,000 could be indirectly supported by the mining economy. The current cost of mining one BTC is estimated at $60,000-$65,000 for operators using advanced ASICs, effectively creating a price ceiling that could strengthen the market’s stability. This spending dynamic by miners, combined with a long-term accumulation strategy, could act as a buffer against sharp corrections and indirectly support Ethereum as well.
As macroeconomic headwinds continue to weigh on risk assets, further market dynamics will depend on how investors interpret policy and liquidity changes in the coming weeks.
These tariffs are the most aggressive since the 1930s, impacting the macroeconomics and crypto markets — Binance
Richard Teng, CEO of Binance
The resurgence of trade protectionism is causing significant volatility in global markets — and the cryptocurrency market is no exception.
In the short term, such macroeconomic uncertainty typically triggers a risk-aversion response: investors reduce activity, waiting for clarity on economic growth, politics, and trade.
However, in the longer term, such an environment could accelerate interest in cryptocurrencies as an independent store of value. Many long-term holders continue to view Bitcoin and other digital assets as resilient during periods of economic turbulence and monetary policy changes.
According to the report, the market’s sensitivity to tariff policies has been clearly demonstrated, with each major announcement triggering sharp spikes in volatility. BTC has experienced several sharp price swings in recent months, including one of the largest single-day drops since the COVID-19-induced collapse in 2020. When Trump surprised markets in late February with plans to impose tariffs on Canada and the EU, BTC briefly fell by about 15% in the following days, coinciding with a spike in realized volatility. ETH followed a similar path, with its 1-month volatility exceeding 100%, compared to previous ranges of around 50%.
These moves underscore the market’s heightened vulnerability to sudden policy changes. In this highly uncertain macro environment, heightened volatility is likely to persist—both as part of the broader risk dynamic and because the potential for further escalation in the trade war remains. A key condition for stabilizing markets will be clarity—or certainty that most tariff-related announcements and policy changes are behind us. We’ve seen this pattern before: as markets fully absorb new tariff plans and pricing, volatility tends to decline.
During this period, BTC’s 1-month realized volatility exceeded 70%, while ETH exceeded 100%, reflecting increased market volatility in the months following the tariffs. (Glassnode screenshot, Binance Research)
As cryptocurrency markets increasingly behave like risk assets, a prolonged trade war could continue to weigh on capital flows and reduce demand for digital assets in the near term. As a result, capital that could have entered cryptocurrencies is either staying put or moving to perceived safe havens like gold. This sentiment was reflected in a recent survey of fund managers, where only 3% of respondents said they would bet on bitcoin in the current environment — a stark contrast to gold, which was preferred by 58%.
The most aggressive tariffs since the 1930s are impacting both the macroeconomic and cryptocurrency markets. In the near term, cryptocurrency may remain volatile as sentiment shifts in response to ongoing trade war developments:
If inflation heats up and growth slows, the Fed’s response will be key: a dovish turn could fuel a crypto rally by restoring liquidity, while a hawkish stance could continue to pressure risk assets. Progress or setbacks in tariff negotiations will also impact investor sentiment in either direction.
If macro conditions stabilize, new narratives take hold, or cryptocurrency resumes its role as a long-term hedge, a resurgence in growth could occur. Until then, markets are likely to remain range-bound and react to macro headlines. Investors should closely monitor global events, stay diversified, and be ready to benefit from any market shifts this trade war may cause.
The main value of cryptocurrency lies in its technology, not its value — Trustee Plus
Ksenia Zhytomyrska, Trustee Plus Service Center
There is a fairly popular belief that the stock and cryptocurrency markets have minimal correlation. We almost never see the first fall without consequences for the second. However, it is a mistake to believe that under current conditions, cryptocurrency will not be able to regain its lost positions.
For example, an Ethereum update is planned for early May, which includes 11 key proposals to improve its performance, which could well bring back volumes to the asset. Typically, key assets always recover after a sharp drop in value, but it is also worth understanding that even if this works in the case of BTC and some altcoins, there are no guarantees of stable growth of the entire market.
The main value of a cryptocurrency lies in its technology, not its value. One BTC is always one BTC, regardless of whether it costs $78,000 or $100,000. The same applies to ETH. So, in the current conditions, instead of thinking about the main and secondary factors, I would advise everyone to focus on the technology, and the value will «catch up» later.
The association representing all the largest gaming companies in the US said that Trump’s tariffs will have a detrimental impact on the gaming industry
