The long-awaited US Independence Day, April 2nd, has arrived. US President Donald Trump is planning to announce bilateral tariffs for global trade.
According to Trump’s plan, the United States will impose mutual tariffs on all countries around the world that without exception impose tariffs on the United States, and is announced today.
White House spokeswoman Karoline Leavitt said at a press conference that tariffs will come into effect shortly after the announcement, adding that “April 2, 2025 will decline in history as one of the most important days in modern American history.”
Trump’s speech has issued a statement to both the global and crypto markets, with Bitcoin and crypto investors in close proximity.
Trump is scheduled to announce tariffs at a major event at the White House on April 2nd. He plans to announce new tariffs in 15 countries, including China, Canada and Mexico, which already impose tariffs on the US.
Trump is expected to issue a statement on April 2nd at 12:00 Turkey time and 16:00 local time.
What do you expect from the cryptocurrency market?
Research analysts at K33 Vetle Lunde and David Zimmerman expect the tariff announcement to have a major impact on the market, and expect a high correlation between stocks and Bitcoin.
“The basic case scenario for BTC is that tariffs create volatile conditions throughout April.
Bitcoin expects to expand its integration in the range of $75,000 to $88,000.
I don’t expect a sense of certainty and clarity from April 2nd onwards, or after April 2nd.
BRN chief analyst Valentin Fournier said there is a significant and significant risk remaining due to the unpredictability of Trump’s speech.
“Given the continued uncertainty surrounding Trump’s speech, there could be potential shortcomings and increased volatility if the market is disappointed with expectations.
It is recommended that overall exposure to Bitcoin and cryptocurrencies remain low and cautious until tariff uncertainty is resolved. ”
Zach Pandl, Grayscale’s research director, said the worst tariff impact on cryptocurrencies could already be reflected in prices. He added that if Trump’s tariff plans are gradually implemented, financial markets could recover and Bitcoin could help.
*This is not investment advice.
