Bitcoin Suffers Weakest Q1 in Decade, More Crypto Pain Looms as East Asian Nations Consider United Tariff Response
- Following Trump’s election, anticipated regulatory changes for the crypto sector failed to materialise, resulting in a classic “sell-the-news” effect.
- Altcoins like Ethereum and Solana performed even worse than Bitcoin, suffering losses of up to 50% from their cycle highs.
- Trump plans additional tariffs for April 2nd (‘Liberation Day’) that could affect US imports worth US$1.5 trillion.
- China, South Korea and Japan met in Tokyo, potentially developing a joint strategy against Trump’s tariff policies.
While Bitcoin made an impressive new all-time high of US$109,114 (AU$175,003) on January 20, 2025, it has since lost almost 25% – a steady decline over the past 2.5 months.
And Bitfinex analysts…
