Experts highlight potential increase in global de-dollarization trends.
U.S. President Trump announced new tariffs on multiple industries, including automobiles and pharmaceuticals, on March 25, 2025. The announcement affected financial markets, causing volatility across various sectors, particularly impacting cryptocurrencies and stocks.
The introduction of tariffs signals a continuation of Trump’s protectionist trade policies, reminiscent of his approach during previous administrations. Financial markets reacted swiftly, with the U.S. Dollar Index rising 0.5%. However, cryptocurrencies faced downward pressure: Bitcoin fell 2% to $85,200, while Ethereum declined 3% to $3,620. These price movements stem from investors seeking safe assets amid perceived economic risks.
Trump’s announcement of new tariffs came via Twitter, where he emphasized the importance of protecting American industries and workers. The financial impact was immediate, with the U.S. Dollar Index experiencing a surge as traders prioritized economically secure assets. Cryptocurrencies and equities, however, saw declines resulting from the adjustment.
The crypto market saw notable adjustments: Bitcoin encountered a 2% drop, while Ethereum declined 3%. These movements were bolstered by on-chain data, which indicated a 15% uptick in Bitcoin outflows post-announcement, suggesting investor caution. Industry reactions were mixed, with figures like Changpeng Zhao, CEO of Binance, recommending investors hold their positions owing to long-term market strength.
Bitcoin (BTC) currently trades at $87,197 with a 24-hour price change of 1.77%. Its market cap stands at $1.73 trillion with a 60.66% dominance. Market activities show a 154% volume increase to $34.36 billion, as reported by CoinMarketCap.
Experts suggest potential de-dollarization trends might emerge in response to these tariffs, with ramifications for global markets. Arthur Hayes, Co-founder of BitMEX, noted that such economic strategies might favor crypto as nations seek alternatives to the USD. “Trump’s tariffs could accelerate the de-dollarization trend we’re seeing globally. This might actually be bullish for crypto in the long run as nations seek alternatives to USD.”
Regulatory oversight could intensify, according to the SEC, requiring traders to remain attentive amid ongoing volatility.
