Crypto markets remain stable amid Trump’s tariff turmoil

Despite widespread volatility in traditional financial markets caused by U.S. President Donald Trump’s recent tariff announcements, cryptocurrency markets have remained relatively stable, according to a report from the New York Digital Investment Group (NYDIG).

The tariffs, unveiled on April 2, included sweeping levies on imports from multiple countries, with rates as high as 145% for China.

Greg Cipolaro, NYDIG’s global head of research, noted in an April 11 analysis that crypto markets have shown resilience during this period.

“Despite the carnage in traditional financial markets, the crypto markets have been relatively orderly,” Cipolaro stated.

He highlighted that Bitcoin’s (CRYPTO:BTC) volatility has not reached historic levels and that perpetual futures rates have remained persistently positive.

While crypto liquidations spiked on April 6 and 7 following the initial tariff announcement, totaling $480 million, Cipolaro described this figure as modest compared to other major liquidation events.

Stablecoins like Tether (CRYPTO:USDT) also exhibited stability, trading slightly below $1 but avoiding sharp declines.

Bitcoin has fared better than many other asset classes during this period of economic uncertainty.

Cipolaro suggested that investors may increasingly view Bitcoin as a store of value unlinked to sovereign currencies, making it attractive amid trade turmoil.

The broader crypto market has been influenced by Trump’s tariff regime, which has injected uncertainty into global trade and economic conditions.

Crypto assets have shown resilient in the face of severe losses in traditional markets, such as the S&P 500 wiping out nearly $2 trillion in market capitalisation.Cipolaro pointed out that Bitcoin’s narrowing volatility gap compared to traditional assets could make it more appealing to risk-parity funds seeking balanced portfolios.

However, some analysts remain cautious about long-term trends.

YouHodler chief of markets Ruslan Lienkha warned of a potential “death cross” forming on Bitcoin’s charts, which could signal bearish momentum in the medium term.