Trump’s US reciprocal tariffs pause fails to improve Bitcoin and crypto market outlook
- President Donald Trump signed a memo ordering his administration to draw up a plan for reciprocal tariffs, pausing its proposed start this week.
- Bitcoin and top cryptos halted their declines following the news, indicating rising correlation between the crypto market and macroeconomics factors.
- With the tariffs likely beginning in Q2, market participants may be unwilling to deploy capital into the crypto market freely.
Bitcoin (BTC) and top cryptos halted their declines following a pause in President Donald Trump’s reciprocal tariff plans, which were originally scheduled to go live on Thursday. The tariffs will begin in April and could negatively impact investor sentiment going into Q2.
