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 a significant impact on markets, including crypto. The sudden and aggressive nature of these tariffs may lead to increased volatility and uncertainty, affecting investor sentiment and potentially leading to further price adjustments in assets like BTC and ETH.