Heres When Trump Is Set to Announce Tariffs Today
According to the plan, the U.S. will impose reciprocal customs duties on every country that imposes tariffs on the U.S., including China, Canada, and Mexico. The announcement, which is scheduled for today, is expected to have wide-ranging effects on both global markets and cryptocurrency.
Immediate Effect and Global Impact
White House spokeswoman Karoline Leavitt confirmed that the tariffs will go into effect immediately after the announcement. She noted that April 2, 2025, would be remembered as a significant day in modern American history. Trumps speech, expected to be broadcasted at 16:00 local time, will likely generate major market reactions, including in the cryptocurrency sector.
Uncertainty Looms Over the Crypto Market
Analysts from K33 Research, including Vetle Lunde and David Zimmerman, anticipate that the tariff announcements will lead to high market volatility, with Bitcoin maintaining a strong correlation to stock markets. They predict Bitcoins price will remain in a consolidation range of $75,000 to $88,000 throughout April, with no clear direction expected in the near future.
Market Caution Recommended
In light of the ongoing tariff uncertainty, experts are advising a cautious approach to cryptocurrency investments, recommending low exposure to Bitcoin and other digital assets until the situation becomes clearer.
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