Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Bitcoin remained stable on Wednesday, with little buying interest as investors stayed risk-averse ahead of U.S. President Donald Trump’s trade tariff announcement.
The world’s largest cryptocurrency has shown a marginal recovery this week after suffering sharp losses in Q1 2025. However, the rebound remains fragile amid economic turbulence under Trump’s trade policies.
- Bitcoin (BTC) rose 1.5% to $84,246.4 at 01:30 ET (05:30 GMT).
Trump Tariff Concerns Weigh on Crypto Sentiment
- Trump’s new tariffs—expected to be reciprocal and wide-ranging—could trigger economic retaliation, disrupt global trade, and slow economic growth.
- Treasury Secretary Scott Bessent confirmed that Trump will impose maximum tariffs, with countries able to reduce them by lowering their own tariffs on U.S. goods.
- 25% tariffs on automobiles are set to take effect later today, with potential additional tariffs on metals, semiconductors, and pharmaceuticals.
These uncertainties have dampened market sentiment, with investors shunning speculative assets like Bitcoin amid broader economic risks.
USDC Issuer Circle Files for $5B IPO
Circle, the issuer of stablecoin USDC, filed for an initial public offering (IPO) on the New York Stock Exchange on Tuesday.
- The company is seeking a $5 billion valuation.
- JPMorgan & Citigroup (NYSE:C) are lead underwriters.
- This marks Circle’s second attempt to go public after a failed SPAC merger in 2022 due to regulatory hurdles and a crypto market downturn.
- A successful IPO would make Circle one of the largest publicly traded crypto firms in the U.S., behind Coinbase (NASDAQ:COIN) and MicroStrategy (NASDAQ:MSTR).
However, volatility in equity markets—amid concerns over Trump’s policies—could make the listing challenging.
Crypto Market Mixed Ahead of Tariff Announcement
Broader crypto markets remained muted, with altcoins showing mixed performance as investors awaited Trump’s policy details.
- Ethereum (ETH): Up 0.8% to $1,857.20.
- XRP: Down 1.2% to $2.0777.
- Solana (SOL): Fell 1.9%.
- Cardano (ADA): Down 0.5%.
- Polygon (MATIC): Dropped nearly 5%.
- Dogecoin (DOGE): Down 0.3%.
- $TRUMP token: Unchanged.
With risk appetite weak, the crypto sector remains vulnerable to further macroeconomic shocks from Trump’s impending tariffs.
