1/ Trump brought back tariffs.Not as a policy tool. As a weapon.

Here's how it hit the market - and why this might be the first real macro test of 2025

2/ Starting April 5: flat 10% tariff on all imports.
April 9: "mirror" tariffs (up to 90%) on 60+ countries.
Cars and parts already hit with 25% earlier this week.

No nuance. Just straight escalation.

3/ Markets didn’t hesitate.
BTC dropped from $88k to $82k. ETH followed.

Tariffs can indeed have significant impacts on crypto markets, reflecting broader economic uncertainties. BTC and ETH's reaction suggests investors are cautious about global trade tensions. Worth watching how this unfolds, as it could influence risk appetite and liquidity in digital assets.