In a concerning development, ECB Executive Board member Isabel Schnabel highlighted the potential for global economic instability stemming from US trade tariffs implemented by Donald Trump. Her warning came on April 5, 2025, during a speech in Italy. Schnabel expressed concern over how these tariffs could trigger market volatility and impact both the eurozone and global financial markets. She specifically noted that these tariffs are a significant factor for economic uncertainty. The ECB’s Schnabel has also refuted claims of European Union efforts to hinder US interests, emphasizing instead their focus on evaluating the specific impact of these tariffs on inflation and growth within the eurozone. The potential ripple effect was evident, as Bitcoin experienced a 5.7% decline following the announcement. This drop underscores the increasing reliance on cryptocurrencies like Bitcoin for navigating market fluctuations.