Trump’s latest tariff threats are stirring up the crypto market again. In a Truth Social post, the U.S. president warned of “large scale Tariffs, far larger than currently planned” if the European Union and Canada act against the U.S. economy. The move rattled risk assets like Bitcoin, Ethereum (ETH-USD), and XRP (XRP-USD)—though Dogecoin (DOGE-USD) still managed a small gain before losing steam.
XRP Slides while Dogecoin Pops then Drops
XRP and Solana (SOL-USD) both dipped around 2% after Trump’s comments, while Ethereum and BNB (BNB-USD) held steady. Dogecoin briefly climbed 3.5% before fading. Meanwhile, Sui Network’s SUI (SUI-USD) surged 7% ahead of its Walrus Network launch. But overall, the market’s mood turned cautious.
PCE Data and Asian Crypto Strength Offer Hope
Attention is turning to the March 28 PCE inflation data, which could sway Fed interest rate decisions and influence Bitcoin’s next move. Traders also see a potential shift eastward. HashKey Capital’s Jupiter Zheng told CoinDesk that “the next leg of the bull market may find its footing in Asia,” where crypto regulation is more supportive. BTSE’s Jeff Mei added that despite recent fear, “Bitcoin and other cryptocurrencies have recovered… even as stock markets dropped.”
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