Bitcoin, Solana and Ethereum lose value after a new wave of tariffs from Trump

on April 3, 2025, global financial markets came under pressure due to a new wave of tariffs imposed by US President Donald Trump. As part of an executive order, he announced the introduction of mirror tariffs on almost 200 trading partners of the United States. This step caused a sharp drop in both traditional and cryptocurrency markets. In particular, Bitcoin BTC $81,853.69 Bitcoin -6.15% Market capitalization $1.62 trillion VOL. 24 hours $3.3 billion dropped by 3% to $ 82,600, and the overall digital asset market lost 3.6% of its value over the day.

The new tariffs, which will come into effect on April 5, impose a 10% duty on most imported goods. And starting April 9, some countries will receive higher rates — up to 49%. Particularly notable is the 25% tariff on all foreign cars, except for products from countries that are parties to the USMCA. Trump’s statement was framed in the spirit of the historic principle of reciprocity, but many analysts warn of serious consequences for global trade.

The crypto market has been particularly affected by altcoins. Ethereum ETH $1,774.48 Bridged Ether (StarkGate) -7.11% Market capitalization $0.16 billion VOL. 24 hours $1.39 billion fell by more than 6%, dropping below $ 1800, and Solana SOL $113.83 Binance-Peg SOL -13.48% Market capitalization $0.13 billion VOL. 24 hours $0.99 billion lost 6.5%, dropping to about $ 118. Even the meme coin, which was previously supported by Trump himself, lost more than 12% and fell below $ 10. Other leading coins, including Dogecoin DOGE $0.16 Binance-Peg Dogecoin -9.50% Market capitalization $0.41 billion VOL. 24 hours $0.22 billion , XRP XRP $2.01 XRP -7.31% Market capitalization $117.09 billion VOL. 24 hours $0.81 billion , BNB $587.65 BNB -3.17% Market capitalization $85.73 billion VOL. 24 hours $0.35 billion , Cardano ADA $0.63 Cardano -9.25% Market capitalization $22.63 billion VOL. 24 hours $0.11 billion , and Tron TRX $0.23 TRON -1.47% Market capitalization $22.3 billion VOL. 24 hours $99.34 million , also showed a decline in the range of 2%-6.2%.

Traditional financial markets also experienced a decline: futures on the Dow, Nasdaq, and S&P 500 indices fell by 2−4%. Shares of tech giants Apple, Amazon, and Nvidia lost 7%, 6%, and 5% of their value, respectively. At the same time, the cryptocurrency mining market is also experiencing tensions. Due to duties on imports from China, the cost of specialized equipment is rising, which could hit profitability.

However, some experts see new opportunities in this crisis. Alexander Bloom of Two Prime believes that investors may turn to «safe havens,» such as gold and Bitcoin. Interestingly, Trump is also allegedly considering the idea of purchasing BTC through customs revenues, which could open a new page in US fiscal policy.