According to Santiment (@santimentfeed), Bitcoin reached a new all-time high of $112,000 before President Trump announced two major new tariff threats as the U.S. heads into Memorial Day weekend. These tariff announcements have triggered immediate volatility in the crypto market, temporarily halting the bullish momentum that followed Bitcoin’s price surge. Traders are now closely monitoring geopolitical developments, as escalating trade tensions could drive further price swings or impact institutional crypto inflows. The timing of these tariffs, following a record-breaking Bitcoin rally, underscores the sensitivity of crypto prices to macroeconomic and policy news. Source: Santiment (@santimentfeed), May 23, 2025.

According to Crypto Rover, President Trump announced that the U.S. is experiencing record tariff revenue while costs on most products are dropping. This statement could have implications for international trade dynamics and the cryptocurrency market, especially for traders focusing on commodities linked to tariff changes. Analysts may consider examining the impact of such economic policies on commodity-backed cryptocurrencies.

According to @KobeissiLetter, a 10% baseline tariff on all countries will take effect on April 5th, followed by individualized reciprocal higher tariffs on April 9th. These tariffs, imposed until the U.S. trade deficit threat is deemed resolved by President Trump, could significantly impact international trade and investor sentiment in the cryptocurrency markets as traders anticipate potential volatility.