The trade tariffs confirmation announcement by United States President Donald Trump on April 2 triggered a flurry of reactions from cryptocurrency investors, who anticipated market turbulence driven by the policy change.
Investors rushed to transfer their BTC, ETH, and XRP to crypto exchanges in preparation for potential sell-offs driven by economic uncertainty.
During the press conference, BTC, ETH, and XRP experienced price declines, indicating that investors did sell their holdings.
Demand for BTC and ETH in the perpetual futures market decreased, with traders closing their positions to take profits during the conference.