Trump’s 30% EU & Mexico Tariffs Spark Bitcoin Rally
President Donald Trump’s announcement of 30% tariffs on imports from the EU and Mexico has triggered heightened crypto market volatility and a swift Bitcoin rally. In the immediate aftermath, major tokens including Bitcoin (BTC), Ether (ETH), Solana (SOL) and Dogecoin (DOGE) dipped between 0.7% and 2%, while XRP (XRP) bucked the trend with a 1.8% gain. Stock futures fell and gold climbed 1.2% as investors shifted to safe-haven assets.
Within 24 hours, Bitcoin surged from roughly $9,800 to $10,350, underscoring its appeal as an alternative asset amid escalating trade tensions. Analysts warn of continued volatility but note that these tariffs have reinforced Bitcoin’s emerging role as a hedge against geopolitical risk. Crypto traders are now eyeing new buying opportunities and watching whether sustained pressure on traditional markets can push Bitcoin through key resistance levels. Ongoing macro developments and regulatory clarity will shape longer-term trends.
Bullish
In the short term, Trump’s tariffs triggered an initial pullback in major cryptocurrencies as traders assessed renewed trade-war risks, driving volatility. The subsequent Bitcoin surge from $9,800 to $10,350 reflects strong safe-haven demand and suggests bullish momentum. Longer term, persistent trade tensions and regulatory clarity will determine if Bitcoin continues to uphold its hedge narrative. Overall, the tariff announcement has tilted sentiment positively for Bitcoin’s price, offering new entry points for traders amid heightened market uncertainty.