Trump’s Reciprocal Tariffs Spark Uncertainty in Crypto Market

President Donald Trump is set to announce major tariff changes this Wednesday, rebranding them as a “Liberation Day” celebration. The tariffs, targeting several nations including allies, will likely impact sectors like automobiles, electronics, pharmaceuticals, chemicals, and IT across over 25 countries currently in tariff agreements with the US. Global stock markets and crypto markets are bracing for volatility before these announcements. The Japanese Nikkei saw a slight gain on Wednesday, while India’s BSE Sensex also edged higher. Bitcoin’s price has experienced a marginal increase of 2.2%, currently hovering around $87,000. Ethereum and XRP have followed BTC’s trajectory, seeing minor gains. The market’s response remains to be seen as it awaits the full impact of these radical tariff plans.