Risk assets like Bitcoin (BTC), XRP (XRP), Solana (Sol) are back in focus when President Donald Trump warned of even more mutual tariffs if other countries collide to do “financial damage” for the United States
“If the European Union cooperates with Canada to do financial damage to the United States,” he wrote in a truth’s social post in the early Asian hours on Thursday, “Customs Tariffs, far greater than currently planned, will be placed on both of them to protect the best friend that each of these two countries has ever had!”
“The day of liberation in America is coming soon,” Trump wrote in a separate post. “For years we’ve been ripped off by virtually every country in the world, both friend and enemy. But those days are over – America first !!!”
The post comes days after reports that there was excessive concern about tariffs and that the overall influence would be measured more than expected.
Earlier this month, Trump had imposed 25% tariffs on the imports of Canada and Mexico along with a 20% tax on Chinese goods with reference to national security concerns about immigration and fentanyl trading. Now, with the EU and Canada in his cross chairs, the markets could be aligned with another shock.
Tariffs disturb in their nature economic stability – rising costs for imported goods, stuck inflation and push central banks like Federal Reserve to tighten monetary policy.
Such traits could spell problems for BTC and other short -term symbols, as the crypto market often moves in tandem with stocks that tend to fall under trade uncertainty. A stronger US dollar, strengthened by customs capital flows, may further press BTC prices as investors flee to secure the garden as gold or cash.
Trump’s post dampened a bullish atmosphere in Asian hours, with majors showing a short sale. XRP and SOL fell 2%, Ether (ETH) and the BNB chain’s BNB remained slightly changed, while Dogecoin (DOGE) withdrew winnings from a 3.5% movement higher over the last 24 hours.
Sui Skinner, analysts remain bullish
Outside the top ten symbols of market capital, SUI Network’s Sui SUI released a 7% increase in front of Walrus Network, a data availability protocol built on Sui, which went live on Mainnet later Thursday.
Meanwhile, some say that Asian development could give a catalyst for Bitcoin prices in the middle of us focused headwinds.
“While US regulators are starting to cut back on restrictive policies, institutions in Asia have made waves by releasing new funds, products and innovations that have been supported by pro-crypto rules in key education,” Jupiter Zheng, partner in Hashkey Capital, told Coindesk in a telegram service.
“The next part of the bull market can find its foot in Asia as the Center for Growth in the Industry,” Zheng added.
BTSE’s Jeff Mei had a more optimistic view from Thursday morning.
“Bitcoin and other Cryptocurrencies have recovered over the past few days, even when stock markets fell in response to US President Trump’s announcement of auto -tariffs. This shows that the worst could be over for crypto markets this year and that we could see an upward course in awards as US Telegram message.
Dealers look at the release of the upcoming personal consumption expenses (PCE) data on March 28, which affects the bold interest decisions.
