On April 3, 2025, President Donald Trump announced a series of sweeping tariffs, intensifying global trade tensions. This led to a notable decline in the cryptocurrency market:​Investor's Business Daily+4Reuters+4Barron's+4

• Bitcoin (BTC): The price fell below $82,000, marking its worst first-quarter performance since early 2018. ​WSJ+1FXStreet+1

• XRP: Experienced a 3.6% drop, trading at $2.04. ​Barron's+1FXStreet+1

• Ethereum (ETH): Declined by 2.9%, reaching $1,812. ​Barron's

The broader crypto market cap decreased by 3.61%, reflecting investor concerns over escalating trade conflicts and potential economic slowdowns.