Crypto Market Resilience: Hougan Analyzes Impact of Trump Tariff Announcement

Following President Trump’s 100% tariff announcement on China, cryptocurrency markets experienced a dramatic sell-off. Bitcoin’s value plummeted by nearly 15%, Ethereum and Solana suffered substantial drops exceeding 20% and 40% respectively. However, market rebounded quickly, with Bitcoin recovering to around $115,000 by the week’s start, demonstrating resilience. Matt Hougan, Chief Investment Officer at Bitwise, analyzed this volatility and highlighted that underlying cryptocurrency technology, security, and regulatory frameworks remained untouched.