Trump’s new tariffs on China, Canada, and Mexico have rocked the crypto market, driving Bitcoin’s 15% drop to $78,000 range and Solana’s 40% TVL decline, worsened by the Bybit hack and over $2 billion in Bitcoin ETF outflows, reflecting weakened investor confidence and liquidity strain.
A bearish outlook suggests Bitcoin could test 70,000–75,000 and Solana faces stagnation if trade tensions escalate, inflation rises, or risk aversion intensifies.
Conversely, a rebound to 95,000–100,000 is possible if tariffs ease, Trump’s pro-crypto policies materialize, or markets stabilize.
The trajectory hinges on China’s response, Federal Reserve actions, and whether Trump’s regulatory support counterbalances macroeconomic headwinds.
Critical developments are expected within the next 30 days, making this period pivotal for market clarity.
Ryan Lee, Chief Analyst at Bitget Research
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