Grayscale Research Director Zach Pandl suggests that tariffs may have already factored into the cryptocurrency market’s current trajectory, potentially setting the stage for a rebound following upcoming announcements. In an analysis on April 2, 2025, Pandl highlighted that recent tariff impacts have likely stabilized this year, attributing a potential 2% reduction in economic growth to early tariffs. He believes that if the announced tariffs are both stringent and phased, focusing on the targeted 15 countries, market volatility could decrease as investors adjust their risk profiles. He further expects market recovery once the announcements subside, allowing for a focus on crypto’s fundamental strengths.