Crypto vs. Tariffs: Can Decentralized Markets Withstand Centralized Economic Shocks?
Listen to this articleOn April 2, 2025, Donald Trump announced in an executive order that “foreign trade and economic practices have created a national emergency,” which he responded to with “responsive tariffs.” As of April 5, the order imposes a baseline tariff of 10% on all countries. The global market’s reaction has been disastrous, with the U.S. stock market alone losing $5 trillion between April 2 and 4.
How the Crypto Market Has Responded
As the stock market enters this period of volatile decline, cryptocurrency has not proven invulnerable. The crypto market lost upward of $1.3 trillion, with the price of Bitcoin notably plummeting from nearly $85,000 on April 4 to just under $75,000 on April 7. However, despite…
