According to Milk Road, global monetary conditions are easing, which is beneficial for cryptocurrency and other risk assets. However, the ongoing trade war fears contribute to high uncertainty, negatively impacting these markets. The resolution of these trade talks could provide the necessary clarity and stability to improve market conditions.

According to Santiment, Trump's announcement of reciprocal tariffs has led to immediate volatility in the cryptocurrency markets due to fears of a trade war. This market reaction underscores the sensitivity of crypto prices to macroeconomic policies and potential shifts in global trade dynamics (Santiment, April 2, 2025). Traders should monitor these geopolitical developments closely as they can have significant short-term impacts on market sentiment and price movements.