Trump's new tariff policy has a multi - faceted impact on the cryptocurrency market's liquidity. At the macro - economic level, the tariff policy disrupts global trade, leading to economic uncertainty. This uncertainty can prompt investors to re - evaluate their portfolios. Some may shift funds from traditional markets to the cryptocurrency space in search of alternative investment opportunities. For instance, if the stock market shows signs of decline due to trade - related tensions, investors might allocate a portion of their assets to cryptocurrencies. This influx of funds can increase the overall liquidity in the cryptocurrency market.