Crypto Markets Brace for Trump’s Tariff Announcement: Will it be Bullish or Bearish?

Crypto traders are eagerly awaiting a pivotal announcement scheduled for 23:00 GMT today, involving U.S. President Donald Trump’s planned unveiling of tariffs targeting multiple countries, including China, Canada, and Mexico. This move, termed by the President as “Day of Liberation,” is anticipated to significantly impact both Bitcoin (BTC) and the broader cryptocurrency market. While Bitcoin reached a record high above $100,000 earlier in March, it has remained largely stagnant around $85,000 throughout the month, highlighting the ongoing uncertainty within the market. This new tariff announcement could trigger either a surge or sharp decline for cryptocurrencies due to its potential effect on global trade and financial markets.