Bitcoin News: Donald Trump’s Tariff Policies Pose Short-Term Risks to Crypto Markets

Recent developments in global trade policy could have significant implications for the cryptocurrency market, particularly Bitcoin. Here’s a closer look at how Donald Trump’s tariff policies are expected to impact the crypto space in the NEAR term.

Donald Trump’s Tariff Policies to Increase Market Uncertainty

Donald Trump’s tariff policies are expected to escalate market uncertainty and risk-off sentiment. The Kobeissi Letter warns that while markets may view the April 2 tariffs as the ’end of uncertainty,’ it anticipates increased volatility. The upcoming tariff policy and its implementation will likely create short-term headwinds for crypto markets, including Bitcoin, as they face heightened uncertainty, inflation concerns, and a risk-off market environment. FXStreet interviewed crypto market experts regarding their views on how crypto markets would react to these tariff policies.

South Carolina’s Bold Move: Proposes 1M BTC State Reserve

South Carolina has introduced legislation to establish a state-run Bitcoin reserve with a cap of 1 million BTC. The Strategic Digital Assets Reserve Act, filed on March 27, aims to position the state at the forefront of government crypto holdings in the United States. The bill would give the state treasurer authority to hold Bitcoin and other digital assets as a hedge against inflation, which has reduced the purchasing power of retirement funds and state-managed assets over time.

Bitcoin Faces $359.7M Liquidation as Price Holds Above UTXO Support Levels

Bitcoin underwent a major long position liquidation event worth $359.7 million after its price surpassed the average pricing from 1-day to 1-month (1D–1M) UTXO age bands. This market movement signals a possible change of direction due to forced liquidations caused by Leveraged traders facing margin calls. If BTC holds above the short-term realized price, it suggests strength in demand. A breakdown below these levels might indicate a potential reversal or correction.

Top 3 Cryptocurrencies To Watch This Weekend

The cryptocurrency market has faced another slight price correction. Bitcoin (BTC) has fallen to the $86,000 level after its recent climb to $88,000 earlier this week. The global crypto market cap has dipped 4% in the last 24 hours to $2.9 trillion. The crypto market seems to be facing significant resistance and may be entering a consolidation phase around current levels. The recent cryptocurrency market resurgence was likely due to BlackRock purchasing $107.9 million worth of BTC. Other bullish developments include the SEC dropping its litigation against Ripple and announcing four rounds of crypto roundtables.

U.S. Spot Bitcoin ETFs Extend Inflow Streak to 10 Days

U.S.-listed spot Bitcoin exchange-traded funds (ETFs) have recorded a 10-day streak of net inflows, marking their longest run of positive momentum since December last year. According to data from SoSoValue, Thursday’s total net inflow reached $89 million, with Fidelity’s FBTC leading the charge, receiving $97.14 million. BlackRock’s IBIT also saw a modest gain of around $4 million. However, not all funds shared the same trajectory. Invesco’s BTCO experienced an outflow of nearly $7 million, while WisdomTree’s BTCW recorded a $5 million withdrawal. Overall, the past 10 trading sessions brought in $1.06 billion, which remains below the single-day inflow seen on January 17.