Trump's tariffs on global trades have triggered a market-wide reaction in the cryptocurrency market.
BTC has lost at least $5,000 since the confirmation of tariffs, and most altcoins are in the red.
The potential effects of the tariffs include an increase in prices, an economic slowdown, and a potential trade war.
While some analysts believe the tariffs will eventually trigger bullish momentum, others anticipate a lengthy and rough ride for the crypto and stock markets.