The cryptocurrency market experienced a downturn on March 31, 2025, as Asia’s response to US tariffs triggered heightened geopolitical tensions and volatility. Notably, Bitcoin traded at $82,687, marking a 2% decrease following actions by China, Japan, and South Korea against US tariffs. This latest trend underscores the ongoing impact of trade conflicts on global markets. While investor sentiment remains strained, institutional investors continue to accumulate Bitcoin, highlighting confidence in its long-term prospects despite short-term market fluctuations.
Experts point out that these tariff actions have created a significant impact on the crypto market. The broader market is showing negative trends with major currencies experiencing losses. This decline also coincides with Bitcoin’s historical patterns during previous trade tensions. Historically, Bitcoin has exhibited both safe haven qualities and links to traditional financial markets. Meanwhile, XRP, ADA, SOL, DOGE, and ETH are also seeing declines in value.
James Wang, Senior Analyst at Crypto Research Firm (Watcher Guru), commented: ‘The escalating trade tensions cast a shadow on the cryptocurrency market, with Bitcoin’s recent dip reflecting broader economic uncertainties.’