Tariff Shock

DAILY MARKET OVERVIEW

Crypto Enters Survival Mode

👋 Hey, Crypto Enthusiasts! The long-awaited tariff announcement has finally dropped... and it's shaken global markets to the core.

🟠 Market Overview: Tariffs Slam Global Trade, Crypto Holds Its Breath

President Trump has officially launched what’s being called the most aggressive U.S. trade move since the Hawley Tariffs of the 1930s. The newly unveiled reciprocal tariff policy imposes:

• A 10% baseline tariff on all foreign imports, regardless of origin

• Additional country-specific tariffs up to 49%, targeting 60 nations

🌏️ Asia is bearing the brunt of the blow, with some of the steepest increases seen in:

• Vietnam: +46%

• Thailand: +36%

• China: +34%

• Taiwan: +32%

• Indonesia: +32%

• India: +26%

• Philippines: +17%

• Singapore: +10%

While Canada and Mexico appear to be exempt for now, the global message is clear: trade relations are shifting fast. The European Union and several other countries are already preparing countermeasures, indicating that we’ve entered an active trade war environment.

Markets responded with force. The S&P 500 suffered its sharpest drop since the 2022 bear market, while risk assets broadly moved into retreat. Inflation concerns resurfaced immediately, as tariffs typically feed into higher input costs, putting additional pressure on already strained consumer economies. Meanwhile, the U.S. dollar is falling, adding more uncertainty to the mix.

🤔 Despite this environment, Bitcoin showed surprising strength, managing to hold above the $80K level through the initial wave of selling. This has puzzled some analysts, especially as altcoins have suffered deep losses, with many down over 20% and showing no technical signs of bottoming.

Looking ahead, the market tone remains defensive. Analysts like Benjamin Cowen have warned that a further 10% correction in the S&P 500 is not only possible but likely. If that materializes, it could drag crypto lower with it, particularly altcoins, which are historically more sensitive to macro stress.

The current consensus among analysts points to a possible 30-40% additional drawdown in altcoins if macro risk continues to escalate. With central banks already walking a tightrope and inflation data still volatile, the combination of tighter trade and policy uncertainty could keep pressure on all risk markets.

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SOCIAL SENTIMENT

🔻 Sentiment: Confused, Defensive, and Nervous

The mood on crypto social media is on the very low end. The general consensus isn’t just that this was a bad announcement but that the market hasn’t even fully processed how bad it could get.

🤔 Several analysts are arguing that Bitcoin staying above $80K may be a sign of temporary denial rather than strength. There’s also speculation that many of these tariffs could be:

• Renegotiated,

• Softened, or

• Walked back entirely,

But that’s far from guaranteed. Even if only a fraction remains, the consequences for global supply chains, pricing, and economic growth are serious.

The following sentiment is gaining traction:

👀 Key things traders are watching now:

• Inflation data coming in the next few weeks

• The FOMC’s May rate decision

• Any signals of tariff reversal or global retaliation

Until then, most believe the path of least resistance is still down, particularly for altcoins. The window for upside potential appears closed unless we get a major policy surprise or coordinated central bank support.

NEWS OVERVIEW

The Latest Crypto Headlines 📰 

House Committee advances stablecoin bill, raises questions about Trump’s crypto ties
Lawmakers passed the STABLE Act, but political tension and concerns over Trump’s involvement in crypto cast uncertainty over its future.

Standard Chartered predicts AVAX could surge to $250 by 2029
Avalanche’s Etna upgrade and growing developer activity lead the bank to forecast major gains, outpacing Bitcoin and Ethereum.

Ripple’s RLUSD stablecoin launches on Kraken, hits $250 million market cap
Ripple expands RLUSD into its payments platform, as the stablecoin nears $250 million and gains use in cross-border transfers.

PayPal enables direct Solana and Chainlink support in U.S. and territories
Solana and Chainlink can now be directly accessed through PayPal, signaling more institutional support as regulatory risk fades.

YOUTUBE INFLUENCER SUMMARY

Summary From The Top Influencers 📷️ 

CryptoRUs – Tariffs Are More Devastating Than Expected...Can Bitcoin Endure? (03.04.2025 Summary)

💥 Tariffs Just Nuked the Market, But BTC Might Hold the Line

George breaks down a shocking tariff announcement that caught markets completely off guard. Over 60 countries were hit..

📉 Markets Crashed, Bitcoin Fought Back

• BTC rallied to $88K before the news, then dumped to $82K

• Stocks tanked, Dow fell 1,000+ points after-hours

• George says $82K is holding strong support — if it holds, it's a win for crypto

🏦 Big Money Still Buying

• Q1 was the worst for BTC in 7 years, but institutions scooped up 92,000+ BTC

  • MicroStrategy led with 80K BTC (~$8B)

  • Tether and others quietly added more

• Retail panic selling right into institutional accumulation — classic wealth transfer

⚠️ Was This Crash Engineered?

• George thinks the tariff bomb may have been intentional

  • Goal: push 10-year yields lower to set up a Fed rate cut in May or June

  • Treasury Sec. Benson’s shady response raised suspicions of insider trading

🧠 Macro Strategy in Play

• Tariff chaos could pressure Powell to cut rates despite sticky inflation

• George says market fear is being used as a tool to reset policy — and BTC may benefit most

🔥 Final Take: "Retail is folding, miners are capitulating, but the whales are loading. If Bitcoin holds $82K through this storm, it’s game on for the next leg up."

CredibleCrypto – Why You NEED To Pay Attention to Ethereum NOW! (03.04.2025 Summary)

🧪 Ethereum Isn’t Dead, It’s Coiling for a Breakout

CredibleCrypto hits back at the ETH FUD that’s dominating Twitter, arguing that Ethereum is quietly setting up for one of the cleanest risk-reward moves in the entire market.

😤 Sentiment is Brutal

• ETH Twitter is at its lowest point in years

• “Ethereum is dead” headlines everywhere, despite zero change in fundamentals

• Everyone’s pivoting to Solana and meme coins — that’s the contrarian buy signal

📈 ETH Fundamentals Still Dominate

• DeFi and stablecoins still live on Ethereum

• Ethereum TVL and stablecoin volume > next 20 chains combined

• Layer 2s, despite the criticism, are built on top of ETH

📊 Charts Say Accumulation, Not Collapse

• ETH/USD is sitting on 4-year macro support near $1860

• ETH/BTC is at range lows with a confirmed 3-day bullish divergence

• XRP/ETH is showing bearish divergences, meaning ETH could start outperforming even the strongest alts

📍 Credible’s Trade Setup

• Entered long at $1900, targeting new ATHs

• Stop under $1535, with 8R+ upside

• Says this is “a generational entry,” especially if BTC stays stable

📦 Narratives Are Lagging the Data

• Stablecoin growth is exploding — and it’s all on ETH

• ETH is bleeding because of rotation, not because it's weak

• Credible says ETH is in deep accumulation, just like BTC was in mid-2023

🔁 Final Take: "ETH looks dead to the crowd, but this is how bottoms are made. The smartest players are accumulating while CT cries 'rug.' Don’t sleep."

CRYPTO MEMES