- USTR tariffs discussed, market shows cautious optimism, Bitcoin price rises slightly.
- Traders await Trump’s “Liberation Day” announcement.
- Tariff news contributes to market’s wait-and-see stance.
The Office of the United States Trade Representative is reportedly preparing new tariff options for former President Trump, following initial discussions reported on April 1st, 2025.
The market’s response to USTR’s tariff plans suggests cautious optimism, with Bitcoin gaining 1.8% to $83,172, while Ethereum rose 1.74%, indicating a measured reaction from traders.
USTR’s Tariff Plans Spark Measured Crypto Market Reaction
USTR’s new tariff options, reportedly being developed for Trump, have yet to be fully disclosed. Sources suggest the potential imposition of tariffs, possibly less than the broadly applied 20% rate previously discussed, could target specific countries.
Market implications include a heightened state of vigilance among traders, contributing to a modest rise in major cryptocurrency prices. As the market awaits further details, trading volumes remain steady, reflecting a contingent approach to investing.
Min Jung from Presto Research shared, “The market awaits Trump’s ‘Liberation Day’ announcement.” Meanwhile, Paul Howard of Wincent envision longer-term institutional impacts setting up for Bitcoin’s future stability.
Bitcoin Climbs Amid Cautious Investor Sentiment Post-Tariff News
Did you know? The market’s tentative optimism mirrors reactions seen amid previous tariff implementations in early 2025, which coincided with Bitcoin’s significant decline from its January peak.
Bitcoin is trading at $85,210, reflecting a 3.12% increase over the last 24 hours, says CoinMarketCap. The market cap stands at 1.69 trillion dollars, indicating a 61.58% dominance. Trading volumes have decreased by 7.75%, reflecting cautious investor behavior.
Coincu analysts highlight potential impacts on the global regulatory environment. Historical data suggest that changes in U.S. trade policy can lead to increased cryptocurrency adoption, strengthening the institutional market’s confidence.
Enmanuel Cardozo, Market Analyst at Brickken, commented: “Everyone expected Trump’s pro-crypto stance to spark immediate results, but the reality is, policy rollout takes time. The global economic uncertainty fueled a risk-off vibe all around, plus the market had already priced in Trump’s win by late 2024.”
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