Crypto markets experienced a steep decline following US President Donald Trump’s declaration of a national emergency and the implementation of sweeping tariffs on all countries. These tariffs, with rates ranging from 10% to 34%, are part of a broader trade war aimed at disrupting international relations. While initial market reaction showcased a brief surge in optimism, it quickly faded as full tariff details became known, leading to widespread sell-offs across the crypto landscape. Bitcoin (BTC) saw a notable dip, reaching around $82,876 after rising earlier in anticipation of tariffs. Meanwhile, Ether (ETH) fell over 6%, dropping from $1,934 to $1,797, contributing to a considerable 5.3% decrease in the overall crypto market capitalization to $2.7 trillion. The Crypto Fear & Greed Index, reflecting market sentiment, reflected extreme fear in its latest update on April 2nd. However, prices have shown signs of recovery since then, with Bitcoin regaining ground at $83,205 and Ether recovering to $1,810. Despite the immediate volatility, experts highlight that these tariffs may provide clarity for long-term market stability. On April 2, US Treasury Secretary Scott Bessent urged trading partners against retaliatory actions, arguing this represents a