Tariff policies have hit the crypto market hard. What do institutional analysts think about the future?

Author: Asher, Odaily Planet Daily

The butterfly effect of tariff policies has set off a hurricane in the crypto market. At 4 o'clock this morning, US President Trump officially announced at the White House that he would impose a "minimum benchmark tariff" of 10% on most of the world's imported goods, and impose a higher proportion of retaliatory tariffs on dozens of countries and regions, causing the cryptocurrency market to be hit hard again (for details of the tariff, please refer to: The White House launches a tariff war 2.0).

OKX market shows that at around 4:15 this morning, BTC first hit $88,500 and then continued to fall. It fell below $82,500 at around 8:00 this morning (lowest to $82,169), with a short-term decline of more than 5%, and as of about 11:30 (same below) temporarily reported $83,600;

In addition to BTC, ETH fell below $1,800 in a short period of time from around $1,960, and was temporarily at $1,824, a 24-hour decline of 3.03%; SOL fell below $117 mark from around $136, and was currently temporarily at $119, a 24-hour decline of 4.04%;

In the U.S. stock market, the three major stock index futures plummeted after trading, the Dow Jones Industrial Average futures plummeted 1,007 points (down 2.3%), the S&P 500 futures fell 3.4%, and the Nasdaq 100 futures plummeted 4.2%;

Affected by the overall market downturn, the total market value of cryptocurrencies has also fallen rapidly. CoinGecko data shows that the total market value of crypto has fallen below $2.8 trillion, down 4% in 24 hours, temporarily reporting $278 million. In addition, Alternative data shows that the Panic and Greed Index fell from 44 to 25 today, and once again entered a "extreme panic" state.

 Panic and Greed Index

In terms of derivatives trading, Coinglass data shows that the entire network has been liquidated by US$396 million in the past 12 hours. In terms of currency, BTC liquidated $151 million and ETH liquidated $75.25 million.

BTC prices have finally rebounded for two days. Will they continue to fall due to the impact of US tariff policies? Is there still a "day to raise your head" for altcoins? Below, Odaily Planet Daily will sort out the views of the bigwigs/organizations in the industry this morning’s tariff policy.

What do you think of the big guys/organizations?

**Arthur Hayes: If BTC can hold on to the tax day of $76,500 to April

15, it will be "out of danger"**

BitMEX co-founder Arthur Hayes said that the market has had a bad response to Liberation Day. "If Bitcoin can hold $76,500 between now and US Tax Day (April 15), then we will be out of danger." He also reminded investors to "not be cut off by the volatile market."

**Analyst Ali Martinez: BTC is currently in the critical range between

$84,800 and $86,900**

Crypto analyst Ali Martinez said that after the tariff policy was introduced, BTC is currently in a critical range between US$84,800 and US$86,900. The hourly chart shows that no matter which side breaks through/falls first, it may determine the next big move.

**Chris Burniske: No aggressive action is taken yet. If you further

decline today, you will pay attention to specific assets and increase your positions at the right time.**

Placeholder partner Chris Burniske said that it is expected that today will be a positive turning point and there will be no aggressive action at present. If the market maintains the current range, it will continue to hold it; if the tariff policy causes the crypto industry to further decline today, we will pay attention to specific assets and increase positions at the right time.

Santiment: Crypto market responds to tariff policies sluggishly, safe-haven funds still flow to gold

Analysts of blockchain analysis platform Santiment said that after Trump announced new tariff policies, market sentiment has heated up rapidly, but the performance of the crypto market has been relatively sluggish. Currently, investors' safe-haven funds flow mainly to gold, with gold prices rising 20% ​​in the past three months, breaking through $3,190 per ounce, while Bitcoin remains highly linked with the S&P 500.

On social media, market views are divided: Some analysts believe that this situation is similar to the market turmoil caused by the trade war in 2018, and may be beneficial to the crypto market in the long run; but some voices point out that the US economic structure cannot withstand high tariffs and the market may usher in greater fluctuations. In the short term, the crypto market sentiment is cautious, and the real market reaction will further emerge after the opening of the US stock market.

Grayscale Research: The impact of tariffs on cryptocurrencies may have been “included in price”, and the worst may have passed

"The impact of tariffs on cryptocurrencies may have been "included in price," and the worst may have passed. I think tariffs will weaken the dominance of the dollar and create room for competitors, including Bitcoin. Prices have fallen in the short term. But the first few months of the Trump administration have further strengthened my long-term confidence in Bitcoin as a global monetary asset."