- Donald Trump, the US President, has approved a bipartisan sanctions bill that raises tariffs to 500%.
- Countries purchasing Russian energy products, like oil, are likely to be impacted.
- This has triggered uncertainty and volatility in the global crypto market.
The US President Donald Trump has issued a warning to impose 500% tariffs on countries for their purchase of Russian oil. The warning comes in the form of approving a bipartisan sanctions bill, which is yet to receive a final and formal approval.
This has triggered uncertainty for the crypto market because tariffs could possibly increase prices for American customers. Thereby raising inflation and possible investment diversion.
US President Trump and Tariffs
Donald Trump, 47th President of the US, has reportedly given a green light to the bipartisan sanctions bill. If approved in the final stage, the bill would effectively increase tariffs to 500% for countries that purchase Russian energy products like oil. Some countries that could face the revised tariff are China, India, and Brazil.
Titled “Sanctioning of Russia Act 2025,” the bill is tentatively scheduled to be tabled for final approval as early as next week. US Senator Lindsey Graham has confirmed Trump’s approval, adding that it would allow the US President to punish countries that buy cheap Russian oil and fuel the war machine of Vladimir Putin, the President of Russia.
Impact on Global Crypto Market
The US inflation dropped for the first time since April 30, 2025 in November last year. It was noted to be 2.68% on November 30, 2025, down from 3.01% as on September 30, 2025. However, the new tariff, if imposed, could re-trigger an increase in the rate. This might then force investors to seek safer investment options as an alternative to the crypto market, which is already volatile.
The most recent reaction is a dip in the global market cap of 1.93% to $3.12 trillion. Prices of top tokens have also declined. BTC and ETH, for instance, are down by 1.79% and 3.04% over the past 24 hours, respectively. This could also be a clapback to the US seizing a ‘dark fleet’ tanker that reportedly flagged itself as Russian.
Other major tokens that are down at the moment are XRP by 4.09%, BNB by 1.63%, and ADA by 2.71%, during the same time frame.
Will Crypto Market Recover?
The crypto market worldwide remains uncertain and volatile; however, it is speculated that the market would eventually recover. For instance, the BTC price is projected to surge by approximately 12.21% to around $102,578 in the next 3 months.
Similarly, the ETH price is forecasted to soar as high as 80.52% to almost $5,671.75 in the next 3 months. BTC and ETH are currently listed at $90,991.99 and $3,153.87, respectively.
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