It’s becoming increasingly clear: the early months under Donald Trump’s renewed political presence have been less than stellar for the crypto market. His relentless saber-rattling over new import tariffs has created a cloud of uncertainty, and April 2 is shaping up to be a critical day. According to multiple media reports, that’s when Trump may officially drop the tariff hammer on a wide range of imported goods.
Trump’s Trade War: Uncertainty Takes the Wheel
Trump’s ongoing tariff threats have left the global economy on edge. Businesses are stuck in limbo, unable to plan ahead or budget confidently, because no one really knows what their operating costs might be in just a few months.
The result? Companies are freezing hiring plans and front-loading big purchases to dodge potential future tariff spikes. It’s like playing economic Jenga—one wrong move, and the whole tower wobbles.
Things escalated further on March 29, when Trump reportedly instructed his advisors to take a more aggressive stance on tariffs. The Washington Post interpreted this as a signal that the trade war may be entering a new, more explosive phase.
Naturally, this didn’t sit well with financial markets. Bitcoin, stocks, and other risk assets have all taken a hit in recent days, reflecting investor anxiety.
Bitcoin Whales Are Still Snacking on the Dip
But while smaller investors may be panicking, the Bitcoin whales are shopping like it’s Black Friday. Large holders seem unfazed by the economic storm clouds and are using the dip as a buying opportunity.
According to on-chain data, wallets holding between 1,000 and 10,000 BTC have continued to accumulate steadily. Their numbers have even gone up — from 1,956 wallets on January 1st to 1,990 as of March 27.
Granted, that’s still below the all-time high of 2,370 whale wallets recorded in February 2024. But the trend suggests that big players aren’t done betting on Bitcoin just yet.
Risk Appetite? More Like Risk Aversion.
“The market’s appetite for risk remains suppressed, with Trump’s tariff threats looming and macroeconomic uncertainty at a high,” explained Iliya Kalchev of Nexo in an interview with Cointelegraph.
Right now, hopes of new Bitcoin all-time highs seem as distant as a tax refund from a forgotten country. With uncertainty dominating the macro landscape, it looks more likely that Bitcoin might test lower support levels before it even dreams of blasting off toward new records.
Conclusion? Trump’s trade war are shaking more than just international supply chains—they’re rattling crypto too. But while retail investors are nervously checking charts, the whales are swimming deeper, quietly stacking sats like it’s their full-time job.
So, will April 2 be “Liberation Day” for American manufacturing—or the day Bitcoin gets another wake-up call? Stay tuned. The next chapter in this political-financial drama is just a tweet away.
