## **Market Update on Cryptocurrencies**

**President Donald Trump** has recently threatened to impose **larger tariffs** on the **European Union** and **Canada** if they attempt to harm the U.S. economy, a move that could unsettle the **crypto market**. This warning has already started affecting cryptocurrencies, notably **Dogecoin** and **XRP**.

![Crypto Market](https://cdn.sanity.io/images/s3y3vcno/production/733635d96cead78876417c1724bd14329ab3d428-1280x441.jpg?auto=format)

### **Key Developments:**
- Trump stated, "If the European Union works with Canada in order to do economic harm to the USA, large scale Tariffs, far larger than currently planned, will be placed on them."
- This announcement has caused a **brief sell-off** in major cryptocurrencies during Asian trading hours. **XRP** and **Solana (SOL)** fell by around **2%**, while **Dogecoin (DOGE)** had retracted some of its **3.5% gains** from the previous day.
- Despite these challenges, some analysts believe that developments in Asia and favorable regulations might provide a **catalyst for Bitcoin prices** in the near future.

### **Market Sentiment:**
- Traders are closely monitoring the upcoming **Personal Consumption Expenditure (PCE)** data release on **March 28**, which is crucial for **Federal Reserve** interest rate decisions.
- **Bitcoin (BTC)** is currently facing headwinds due to trade uncertainties, and a stronger **U.S. dollar** might further depress crypto prices as investors seek safe havens like gold or cash.

### **Emerging Opportunities:**
- The **Sui Network's SUI** token has surged **7%** ahead of the launch of the **Walrus Network**, indicating some positive sentiment within the market.
- Analysts remain **bullish** on the potential for recovery in the crypto space as inflation fears dissipate and interest rates are expected to decline.

**Traders are advised to stay alert for further developments** related to tariffs and economic policies that could impact the crypto market significantly.

President Donald Trump has threatened to impose larger tariffs on the European Union and Canada if they attempt to harm the U.S. economy, potentially causing instability in the crypto market.

1 month ago Bitcoin Articles Digested