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>>Bitcoin and Ether stay resilient as Trump reveals an extra universal 10% tariff.

Bitcoin and Ether stay resilient as Trump reveals an extra universal 10% tariff.

crypthub

about 7 hours ago

Market Stability

Crypto prices held steady after the announcement of a universal 10% tariff, with Bitcoin hovering near $67,800 and Ether around $1,960. The total digital‑asset market capitalization stayed close to $2.33 trillion. Sentiment indicators reflected cautious optimism rather than panic, and no sharp sell‑offs occurred.

Policy Shift

Following a Supreme Court ruling that blocked the use of emergency powers under IEEPA, the administration invoked older trade statutes such as the Trade Expansion Act of 1962 and the Trade Act of 1974 to impose the tariff. President Trump called the court’s decision “ridiculous” and announced the order as effective immediately. National‑security tariffs under Sections 232 and 301 remain in force alongside the new 10% charge.

Trader Response

Unlike prior tariff news that sparked rapid market declines, crypto traders took a measured stance. Bitcoin showed only marginal intraday movement, while Ether posted modest gains and other major tokens, including XRP and BNB, moved slightly. The overall reaction was subdued, suggesting expectations of limited immediate impact.

On‑Chain Wealth

Bitcoin’s on‑chain data reveals a loss of roughly 25,000 millionaire addresses—a 16% drop year‑over‑year since Trump returned to office. Addresses holding over $10 million declined by about 12.5%, indicating that large investors were more resilient. The earlier surge in millionaire wallets largely stemmed from the late‑2024 rally, not from recent policy changes.