{"id":113259,"date":"2025-04-02T13:22:19","date_gmt":"2025-04-02T09:22:19","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=113259"},"modified":"2025-04-02T14:21:39","modified_gmt":"2025-04-02T10:21:39","slug":"bitcoin-holds-steady-amid-trump-tariff-uncertainty","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bitcoin-holds-steady-amid-trump-tariff-uncertainty\/04\/02\/market-updates\/","title":{"rendered":"Bitcoin Holds Steady Amid Trump Tariff Uncertainty"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><\/h3>\n\n\n\n<p>Bitcoin remained stable on <strong>Wednesday<\/strong>, with <strong>little buying interest<\/strong> as investors stayed <strong>risk-averse ahead of U.S. President Donald Trump&#8217;s trade tariff announcement<\/strong>.<\/p>\n\n\n\n<p>The <strong>world\u2019s largest cryptocurrency<\/strong> has shown a <strong>marginal recovery<\/strong> this week after suffering <strong>sharp losses in Q1 2025<\/strong>. However, the rebound remains <strong>fragile<\/strong> amid <strong>economic turbulence under Trump\u2019s trade policies<\/strong>.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bitcoin (BTC)<\/strong> rose <strong>1.5% to $84,246.4<\/strong> at <strong>01:30 ET (05:30 GMT)<\/strong>.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Trump Tariff Concerns Weigh on Crypto Sentiment<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Trump\u2019s new tariffs<\/strong>\u2014expected to be <strong>reciprocal and wide-ranging<\/strong>\u2014could <strong>trigger economic retaliation<\/strong>, disrupt <strong>global trade<\/strong>, and slow <strong>economic growth<\/strong>.<\/li>\n\n\n\n<li><strong>Treasury Secretary Scott Bessent<\/strong> confirmed that Trump will impose <strong>maximum tariffs<\/strong>, with <strong>countries able to reduce them by lowering their own tariffs on U.S. goods<\/strong>.<\/li>\n\n\n\n<li><strong>25% tariffs on automobiles<\/strong> are set to take effect later today, with <strong>potential additional tariffs on metals, semiconductors, and pharmaceuticals<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p>These <strong>uncertainties have dampened market sentiment<\/strong>, with investors <strong>shunning speculative assets like Bitcoin<\/strong> amid broader <strong>economic risks<\/strong>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>USDC Issuer Circle Files for $5B IPO<\/strong><\/h3>\n\n\n\n<p>Circle, the <strong>issuer of stablecoin USDC<\/strong>, filed for an <strong>initial public offering (IPO) on the New York Stock Exchange<\/strong> on <strong>Tuesday<\/strong>.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The company is seeking a <strong>$5 billion valuation<\/strong>.<\/li>\n\n\n\n<li><strong>JPMorgan &amp; Citigroup<\/strong> (NYSE:C) are <strong>lead underwriters<\/strong>.<\/li>\n\n\n\n<li>This marks <strong>Circle\u2019s second attempt<\/strong> to go public after a failed <strong>SPAC merger in 2022<\/strong> due to <strong>regulatory hurdles<\/strong> and a <strong>crypto market downturn<\/strong>.<\/li>\n\n\n\n<li>A successful IPO would make <strong>Circle one of the largest publicly traded crypto firms<\/strong> in the U.S., behind <strong>Coinbase (NASDAQ:COIN) and MicroStrategy (NASDAQ:MSTR)<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p>However, <strong>volatility in equity markets<\/strong>\u2014amid concerns over <strong>Trump\u2019s policies<\/strong>\u2014could make the listing <strong>challenging<\/strong>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Crypto Market Mixed Ahead of Tariff Announcement<\/strong><\/h3>\n\n\n\n<p>Broader <strong>crypto markets<\/strong> remained <strong>muted<\/strong>, with <strong>altcoins showing mixed performance<\/strong> as investors awaited <strong>Trump\u2019s policy details<\/strong>.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Ethereum (ETH)<\/strong>: <strong>Up 0.8% to $1,857.20<\/strong>.<\/li>\n\n\n\n<li><strong>XRP<\/strong>: <strong>Down 1.2% to $2.0777<\/strong>.<\/li>\n\n\n\n<li><strong>Solana (SOL)<\/strong>: <strong>Fell 1.9%<\/strong>.<\/li>\n\n\n\n<li><strong>Cardano (ADA)<\/strong>: <strong>Down 0.5%<\/strong>.<\/li>\n\n\n\n<li><strong>Polygon (MATIC)<\/strong>: <strong>Dropped nearly 5%<\/strong>.<\/li>\n\n\n\n<li><strong>Dogecoin (DOGE)<\/strong>: <strong>Down 0.3%<\/strong>.<\/li>\n\n\n\n<li><strong>$TRUMP token<\/strong>: <strong>Unchanged<\/strong>.<\/li>\n<\/ul>\n\n\n\n<p>With <strong>risk appetite weak<\/strong>, the <strong>crypto sector remains vulnerable<\/strong> to further <strong>macroeconomic shocks<\/strong> from <strong>Trump\u2019s impending tariffs<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin remained stable on Wednesday, with little buying interest as investors stayed risk-averse ahead of U.S. President Donald Trump&#8217;s trade tariff announcement. The world\u2019s 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\u2019s trade policies. Bitcoin (BTC) rose &hellip;<\/p>\n","protected":false},"author":9,"featured_media":105265,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,39,36],"tags":[],"class_list":["post-113259","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-global-stock-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=113259"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113259\/revisions"}],"predecessor-version":[{"id":113260,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113259\/revisions\/113260"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/105265"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=113259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=113259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=113259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}