Bitcoin & Ethereum Steady as Trump Announces New Tariffs

Cryptocurrency markets demonstrated resilience on Saturday as Bitcoin and Ethereum held steady following a series of trade policy announcements and a Supreme Court ruling. The relative stability comes despite a history of volatility in response to similar actions from the same source.

Tariff Developments and Market Reaction

On Friday, the US Supreme Court struck down a previous tariff policy enacted by President Trump. Hours later, President Trump announced new temporary tariffs, raising import taxes from 10% to 15% on goods from numerous countries, stating they had been “ripping” the US off for decades. Despite these shifts, Bitcoin saw a nearly 2% increase, trading at $68,273 at midday in New York, according to CoinGecko. Ethereum mirrored this performance, rising 2% to approximately $1,987.

Did You Know? President Trump imposed a 10% global tariff on foreign goods immediately after the Supreme Court ruling on Friday.

This reaction contrasts with previous instances where Trump’s trade announcements significantly impacted crypto markets. In April, a speech led to a $250 billion loss across Bitcoin, Ethereum, and XRP. Further threats in May also caused market disruption. However, current market conditions are different, with both Bitcoin and Ethereum trading well below their 2025 highs following substantial sell-offs, including the largest liquidation event in industry history last October.

ETF Flows and Investor Behavior

The stability in Bitcoin and Ethereum prices occurred alongside a week of net outflows from US exchange-traded funds (ETFs). Investors cashed out nearly $316 million from Bitcoin funds, with only Friday showing positive inflows. Ethereum ETFs experienced over $123 million in outflows. These redemptions, typically associated with price declines, occurred while Bitcoin and Ethereum were down 2% and 5% respectively over the past seven days.

Expert Insight: The current market’s ability to absorb these tariff announcements and ETF outflows suggests a developing maturity, though continued sensitivity to geopolitical and policy shifts remains a key risk for investors.

The Supreme Court’s decision on Friday found that the previous tariff policy had been enacted unlawfully.

Frequently Asked Questions

What happened with Trump’s tariff policy?

The US Supreme Court struck down President Trump’s previous tariff policy on Friday. President Trump then announced new tariffs on almost all imports, increasing them from 10% to 15% on Saturday.

How did Bitcoin and Ethereum react to the new tariffs?

Bitcoin rose nearly 2% to $68,273, and Ethereum rose 2% to $1,987, according to CoinGecko, demonstrating relative stability after the announcement.

Have Trump’s trade announcements always impacted crypto markets?

Yes, crypto markets have previously reacted negatively to Trump’s trade announcements, experiencing significant losses in April and May following similar statements.

How will these ongoing policy shifts and investor behavior ultimately shape the future of cryptocurrency markets?

Bitcoin & Ethereum Steady as Trump Announces New Tariffs | Crypto News