CoinDesk Podcast Network COINDESK DAILY: China Faces 245% Trump Tariff, Calls for Respect
Apr 16, 2025
The rising U.S. tariffs on Chinese imports have sparked significant tension, leading to fears in the cryptocurrency market. Analysts are predicting a potential bear phase, which has impacted bitcoin and other cryptocurrencies. Notably, Semler Scientific is considering a stock sale to invest in bitcoin, despite facing significant losses. The discussion highlights the intricate connections between trade wars and the crypto landscape.
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U.S. Tariffs Impact Crypto Markets
- The U.S. imposed a massive 245% tariff on Chinese imports amid escalating trade tensions.
- This tariff increase triggered a decline in bitcoin and crypto markets, reflecting broader economic uncertainty.
Crypto Bear Market and Venture Cuts
- Crypto markets officially entered a bear phase with Bitcoin below its 200-day moving average.
- Reduced venture capital funding, down up to 60% from previous years, contributes to the crypto winter.
Crypto Market Bottom Expected Soon
- Analysts expect the crypto market might hit a bottom by mid to late Q2 2025.
- This could set the stage for a rebound in the third quarter of the year.