While the Trump administration tightens the customs vice, the cryptos tremble. Between ephemeral euphoria and brutal economic reality, the market reveals its vulnerability to geopolitical shocks. A dizzying fall that questions: crypto, true refuge value or simple mirror of global turbulence?
Bitcoin and Ether in free fall: the domino effect of customs tariffs
The blow is violent. In less than 24 hours, Bitcoin lost 10 %, bordering on 83,700 dollars, while Ether collapses by almost 15 %, plunging $ 2,082-an unprecedented level since November 2023. These freezing figures reflect a raw truth: Trump's announcements on customs taxes have triggered a shock wave far beyond the traditional markets.
However, it all started under the best auspices. This weekend again, investors greeted the announcement of strategic reserves in crypto by the United States government.
A fireworks quickly turned off. “The Haussiers did not last 48 hours,” quips Peter Chung, from Presto Research. The disappointing PMI indices, the fall in orders and recession forecasts (-2.8 % GDP in the first quarter) have completed confidence.
But the real catalyst? Customs duties of 25 % on Canada and Mexico, doubled by a 20 % tax on Chinese imports.
“Trump threw oil on a fire that is already growing,” analyzes Kevin Guo de Hashkey Research. The cryptos, perceived as risky active ingredients, were swept by a wind of panic. The earnings of the day before? Erased. Optimism? reduced to ashes.
Crypto and recession: a forced marriage to unpredictable consequences
Behind the red figures hides a darker story. Cryptos, often presented as a shield against inflation, today reveal their sensitivity to macroeconomic tensions. “Trump's prices are just the start,” warns Rachael Lucas of BTC Markets. Trade reprisals could amplify the crisis. A nightmare scenario where the crypto, far from protecting, would amplify shocks.
ETFs, a discreet confidence barometer, confirm the trend. On Monday, Bitcoin funds underwent net outings of $ 74 million, a brutal turnaround after positive entries on Friday.
For ether, hemorrhage has been going on for eight days. “Institutional investors flee,” explains Lucas. After an increase of 600 % since 2022, the market is exhausted. Extreme greed, high funding rate … The signals of a reversal were there.
There remains a crucial question: is this correction beneficial? For Chung, “cooling was inevitable”. But the duration of this glaciation will depend on the next political decisions. Trump promises other announcements at his Crypto summit this week. Between the hope of a rescue plan and fear of new protectionist measures, traders hold their breath.
Maximize your Cointribne experience with our 'Read to Earn' program! For each article you read, earn points and access exclusive rewards. Sign up now and start accumulating advantages.
