U.S. Announces Imminent Tariff News: Crypto Market Impacts Expected – Coincu

The anticipation of new U.S. tariff announcements is impacting market volatility, notably for Bitcoin (BTC), with potential broader implications for the cryptocurrency market.

Kevin Hassett, Director of the U.S. National Economic Council, stated on May 1st that an announcement regarding U.S. tariff policies is expected by day’s end, as reported by BlockBeats News. The anticipation of these announcements is generating volatility in markets, with potential repercussions for Bitcoin and other cryptocurrencies.

U.S. Announces Imminent Tariff News: Crypto Market Impacts Expected

A forthcoming announcement on U.S. tariffs is expected by the close of today. Kevin Hassett, the Director of the National Economic Council, indicated this during a recent statement. The announcement points to imminent actions regarding trade policies under the current U.S. administration. Meanwhile, Scott Bessent promised a gradual reduction in tariff uncertainty, saying, “The reduction in tariff uncertainty will occur gradually… This strategic uncertainty is part of U.S. President Donald Trump’s negotiation strategy.”

Immediate implications include potential shifts in global market dynamics as stakeholders reflect on the trade relationships between the U.S. and other countries. President Donald Trump, emphasizing negotiation tactics, noted the flexibility within tariff decisions:

“I have reversed tariffs for a short period of time… It has to be fair for the U.S.” – Donald Trump

The market reaction remains assiduous, reflecting fluctuations in crypto and global equities. President Trump’s commentary indicating strategic pauses in tariff implementations has already invoked varied sentiments. Financial markets, particularly crypto, are sensitive to trade policy signals, potentially manifesting these shifts in heightened BTC and ETH volatility.

BTC’s Volatility Linked to U.S. Trade Announcements

Did you know? During previous U.S.–China trade tensions, digital assets like BTC often evidenced increased market movements. Investors shifted focus towards cryptocurrencies as a hedge against economic uncertainties.

According to CoinMarketCap, Bitcoin (BTC) is currently priced at $97,221.44, with a market cap of $1.93 trillion and a market dominance of 63.76%. It’s witnessed an increase of 3.53% over 24 hours and 4.54% over the past week. The BTC circulating supply stands at 19,858,621, from a maximum of 21,000,000 coins. The last update was at 17:19 UTC on May 1, 2025.

Based on Coincu’s analysis, the anticipated tariff news could amplify BTC’s volatility, attracting greater institutional and retail interest. Past trends show that major crypto assets such as BTC react proactively to macroeconomic and geopolitical developments. This aligns with the observed pattern where digital currencies serve as potential hedges, driven by pockets of financial uncertainty.