President Donald Trump’s recent speech at the White House, where he announced new tariffs on imports from 50 countries, including BRICS nations and the European Union, sent ripples through global markets. Dubbed the “Declaration of Economic Independence,” Trump’s address was aimed at addressing what he called unfair trade practices. However, for crypto enthusiasts eagerly awaiting any mention of digital assets, the speech was a letdown—Bitcoin, blockchain, and cryptocurrencies were completely absent from the discussion.
This silence sent shockwaves through the crypto market. Bitcoin (BTC), which had been trading at $88,000, plummeted by $3,000 in just 10 minutes following Trump’s address, dropping to $85,000 before briefly stabilizing at around $84,800. Ethereum (ETH) also took a hit, falling to $1,845, and the overall market followed suit.
As Bitcoin and Ethereum dipped, other major cryptocurrencies struggled as well. XRP tested its $2 support level, Binance Coin (BNB) dropped below the $600 mark, and Solana (SOL) fell below $125. The market downturn accelerated as Trump continued his speech, which focused on inflation, energy, and reviving American manufacturing. Notably, no mention was made of the rapidly growing cryptocurrency sector, despite prior speculation that Trump might address the issue.
The omission came as a surprise to many, especially after Trump’s campaign promises to position the U.S. as a “crypto capital,” with crypto supporters anticipating regulatory clarity or policy updates. As a result, investors are left to reassess the political landscape and its potential impact on the future of digital assets.
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