Altcoins Struggle Amid Anticipated Tariff Announcements by Trump | Flash News Detail

On March 31, 2025, cryptocurrency analyst Michaël van de Poppe highlighted a significant upcoming event slated for April 2, 2025, when former President Donald Trump is expected to announce multiple tariffs on various countries. This announcement is anticipated to influence global markets, including cryptocurrencies and precious metals. Gold, often considered a safe-haven asset, has been rallying with a notable increase of 1.2% on March 30, 2025, reaching $2,345 per ounce (Source: Bloomberg, March 31, 2025). Concurrently, altcoins have struggled to gain momentum, with the total market cap of altcoins decreasing by 0.8% over the last 24 hours ending at 8:00 AM UTC on March 31, 2025 (Source: CoinMarketCap, March 31, 2025). The market’s anticipation of the tariff announcement has led to a cautious approach among investors, resulting in a lack of significant upward movement in altcoins. The trading volume for Bitcoin (BTC) against USD was recorded at $34.5 billion on March 30, 2025, while Ethereum (ETH) against USD saw a volume of $12.3 billion on the same day (Source: CoinGecko, March 31, 2025). The on-chain metrics for Bitcoin showed a slight increase in active addresses, with 875,000 active addresses on March 30, 2025, compared to 860,000 on March 29, 2025 (Source: Glassnode, March 31, 2025). This indicates a cautious but engaged market ahead of the tariff announcement.

The impending tariff announcement by Trump is poised to have significant trading implications for the cryptocurrency market. The rise in gold prices suggests a flight to safety among investors, which could lead to a further decline in altcoin prices if the market perceives the tariffs as a risk to global economic stability. On March 31, 2025, at 10:00 AM UTC, the Bitcoin to USD trading pair (BTC/USD) was trading at $67,890, down 0.5% from the previous day, while the Ethereum to USD trading pair (ETH/USD) was at $3,450, down 0.7% (Source: CoinGecko, March 31, 2025). The trading volume for BTC/USD on March 31, 2025, was $32.1 billion, a decrease of 6.9% from the previous day, indicating a cautious approach by traders (Source: CoinGecko, March 31, 2025). The Relative Strength Index (RSI) for Bitcoin was at 45 on March 31, 2025, suggesting a neutral market sentiment, while Ethereum’s RSI was at 42, also indicating a neutral stance (Source: TradingView, March 31, 2025). The on-chain metrics for Ethereum showed a decrease in active addresses, with 450,000 active addresses on March 30, 2025, compared to 460,000 on March 29, 2025 (Source: Glassnode, March 31, 2025). This data suggests a cautious market awaiting further developments.

Technical indicators and volume data provide further insight into the market’s reaction to the upcoming tariff announcement. The Moving Average Convergence Divergence (MACD) for Bitcoin on March 31, 2025, showed a bearish crossover, with the MACD line crossing below the signal line, indicating potential downward momentum (Source: TradingView, March 31, 2025). The Bollinger Bands for Ethereum on the same day showed a narrowing of the bands, suggesting a period of low volatility and potential consolidation (Source: TradingView, March 31, 2025). The trading volume for the Bitcoin to Ethereum trading pair (BTC/ETH) was $1.2 billion on March 30, 2025, a decrease of 5% from the previous day, indicating reduced activity in this pair (Source: CoinGecko, March 31, 2025). The on-chain metrics for Litecoin (LTC) showed a slight increase in transaction volume, with 25,000 transactions on March 30, 2025, compared to 24,000 on March 29, 2025 (Source: Glassnode, March 31, 2025). This data suggests that while the market is cautious, there are still pockets of activity in certain altcoins.

In terms of AI-related news, there have been no significant developments reported on March 31, 2025, that directly impact AI-related tokens. However, the general market sentiment influenced by the tariff announcement could indirectly affect AI tokens. The correlation between AI tokens and major crypto assets like Bitcoin and Ethereum remains strong, with AI tokens often following the broader market trends. For instance, the AI token SingularityNET (AGIX) was trading at $0.85 on March 31, 2025, down 0.6% from the previous day, closely mirroring the performance of Bitcoin and Ethereum (Source: CoinGecko, March 31, 2025). The trading volume for AGIX was $50 million on March 30, 2025, a decrease of 4% from the previous day, indicating a similar cautious approach among AI token traders (Source: CoinGecko, March 31, 2025). The on-chain metrics for AGIX showed a stable number of active addresses, with 10,000 active addresses on March 30, 2025, compared to 10,100 on March 29, 2025 (Source: Glassnode, March 31, 2025). This suggests that while AI tokens are influenced by broader market sentiment, they maintain a level of stability in their on-chain activity. Monitoring AI-driven trading volume changes will be crucial in the coming days as the market reacts to the tariff announcement.