In response to the Supreme Court’s ruling declaring many of Donald Trump’s previous tariff hikes as unconstitutional, US President Donald Trump issued a series of new tariffs.
The crypto markets fell after the announcement of tariff increases, following a familiar pattern. It has been affecting the sector since April 2025 when Trump implemented the first wave of aggressive tariffs.
Analysts are aware of the pressures these tariffs place on crypto markets. However, the 47th US president has also the ability to pump up markets.
Trump’s statements and actions are both influential. Take a look back at how Trump’s actions have affected crypto markets.
Jan. 20th, 2025: WLFI shopping spree before inauguration
World Liberty Financial (WLFI), the Trump family crypto project, purchased several different tokens in the hours leading up to his oath taking on January 20, 2025. These tokens include wrapped Bitcoins (WBTC), Ether and Ether Wrapped (WBTC).ETH), Tron (TRXAaveAAVE), Ethena (ENAChainlink (LINK).
In the run-up to his Blockchain agenda, this aggressive purchasing was seen as a pro-crypto sign.
Bitcoins’ price rose by 4,5% in 24 hours. Seven-day charts showed that the price of bitcoin decreased by 1.47%.
Trump announces a crypto task force on January 23, 2025
Trump signed Just three days after his inauguration, the President issued Executive Order No. 14178. The Executive Order 14178 banned the idea of US central bank-issued digital currencies and created the Presidential Working Group on Digital Asset Markets. “strengthen U.S. leadership in digital finance.”
It was the start of Trump’s crypto agenda. It was neatly done. summarized On the same day, pro-crypto Senator Cynthia Lummis made a similar statement. “Big things are coming.”
Bitcoins’ price rose 1.34% for the day. The price of Bitcoin increased by 0.79% over the past week.
March 2, 7 to 7, 2025 “Crypto Reserve”
Trump announced A proposal for an US “Crypto Reserve,” The report identifies several tokens of major importance as digital strategic assets.
He signed the order just four days later. establish Strategic Bitcoin Reserve & US Digital Asset Stockpile Both would be comprised of Bitcoin.BTCThe latter was seized during law enforcement activities by the federal authorities. These latter included A collection of various assets, including XRP.XRP), Solana (SOLCardanoADA).
Bitcoin enthusiasts were disappointed because they thought the federal government would include a program to buy Bitcoin.
White House immediately followed the executive order held First, it is a first “Crypto Summit,” Trump said, “I brought together industry leaders and government officials to discuss digital assets policy.” Trump said. “This is a tremendous opportunity for economic growth and innovation in our financial sector and will really go a long way.”
Bitcoin’s value remained largely unchanged for the next 24 hours. It decreased by only 0.75%. It lost 2.56 % in a week.
March 17, 2025: WLFI token sale completion
World Liberty Financial token public sale concluded With an estimated $550,000,000 in WLFI tokens being sold, this is one of the biggest fundraising events associated with the Trump-linked Project to date.
Critics have begun to voice concerns about Trump’s power to affect policy. This directly impacts his wealth, and the wealth of his entire family. Trump’s family reportedly has an estimated wealth of $1.5 billion. earned Since the beginning of WLFI, the project has generated over $1 billion.
Bitcoin’s value dropped briefly on the same day by 1,59%. Weekly chart of the cryptocurrency showed an increase of 3.5%.
March 20, 2025: Blockworks Digital Asset Summit address
Trump delivered A pre-recorded address to the Blockworks Digital Asset Summit, in New York City. The speech promotes US leadership on crypto and clarified legislative frameworks.
Trump criticised the Biden Administration’s crypto policies, saying that he will immediately stop the “lawless” Enforcement actions taken against Crypto companies who started under “Operation Chokepoint 2.0.”
This was not Trump’s first appearance at a crypto-conference. The event was not Trump’s first crypto conference appearance, but it was the first he made as President. “It’s not gonna be easy, but we’re way ahead,” He said.
Bitcoins’ price on a 24-hour chart was essentially unchanged, only declining by 0.1%. It rose by +3.46% in the last week.
Trump Announces April 5, 2025 “Liberation Day tariffs”
Trump made the announcement in the Rose Garden of the White House. The tariffs will be applied to all countries that do business with the United States. Tariffs began at 10%, and increased based on the country’s trade surplus or deficit.
This formula was used widely by both the government and administration reported There were errors. The error was criticized For containing “mathiness” — i.e., misleading math to obtain or further an economic goal.
The markets and crypto were initially pessimistic over the prospects of a renewed trade war in the world, as well as higher prices on imported goods. However, “buy the dip” Trading behavior and traders’ pricing of a new macro-risk assessment resulted in a rapid recovery.
Bitcoins’ price dropped by 5.7% in the immediate aftermath. It recovered on the week to gain 2.14%.
June 27, 2020: UAE funds invest $100 million in WLFI
Aqua 1 Foundation in UAE invested $100 million into WLFI tokens. This made it the top institutional supporter publicly revealed. This purchase was meant to be a test. speed up Establishment of a “blockchain-powered financial ecosystem.”
Bitcoin’s value remained relatively stable, with a daily increase of 0.23% and a weekly gain of 0.9%.
The WLFI tradability is approved for July 17th, 2025
WLFI owners voted overwhelmingly to allow WLFI tokens to be traded, allowing the secondary market to emerge and transitioning from a financial ecosystem that was closed to a more open one. This proposal passed overwhelmingly.
Market sentiment was not impacted by the WLFI update. Bitcoin fell 0.86% on July 18 and 2% a week after that.
Sept. 1, 2025: WLFI tradable launch
Binance, a major cryptocurrency exchange, began to list the WLFI Token. Barron’s reported that early investors like Donald Trump Jr. and other founders were prohibited from selling more than 20% of their initial holdings. allowed It is not necessary to liquidate your holdings.
The token sale still allowed for the formation of a secondary market and demonstrated how much the Trump brand alone can promote a coin. The initial purchases of WLFI tokens were restricted: buyers couldn’t transfer or sell them. Trump had a huge impact on the crypto market by attracting a lot of interest even before tokens were traded.
Bitcoin’s price dropped in the first few hours following the approval of WLFI, but it grew by 1.8% the next day. A week later, the Bitcoin value was up by 1.96%.
Nov. 5, 2025: “Bitcoin Superpower” Miami speech
Trump attended the American Business Forum at Miami. The same city where, as a 2024 presidential candidate, he was a participant in the Bitcoin world conference.
Trump compared the US crypto-policy with its geopolitical adversaries at the recent conference. stating, “We’re making the United States, the Bitcoin superpower, the crypto capital of the world and the undisputed leader in artificial intelligence.”
It was less noticeable than his initial crypto-related Miami event, but it still had an impact, even if only brief. The CLARITY act was already stuck in the US Senate and Bitcoin’s price began to fall.
Trump’s speech did not affect the price of Bitcoin. BTC fell by 1.8% the next day and then 1.5% a week later.
Jan. 23, 2020: US “leads world” Crypto at Davos
Trump spoke At the World Economic Forum, Davos is a geopolitical brinksmanship game.
Trump made a long and rambling presentation to gathered world leaders in which he claimed that Greenland was necessary for US security, but also noted US leadership on crypto policies over rivals.
“We have to make it so that China doesn’t get the hold of it, and once they have that hold, we’re not going to be able to get it back.”
After the announcement, the crypto market breathed a big sigh. This was probably due to the US having supposedly reached a deal and not invading Greenland.
Bitcoin’s value briefly stabilised when Trump said that a Greenland deal would be reached with Denmark. Bitcoin fell 6% in a week’s time due to increased global tensions and concerns about trade.
Mar-a-Lago, Florida: World Liberty Forum Feb. 18, 2020
Wall Street executives gathered at Mar-a-Lago in Florida, Trump’s family resort. This conference was held at the Trump family’s resort hotel in Florida. organized World Liberty Financial featured Goldman Sachs’ CEO David Solomon, as well as Binance founder Changpeng and a pardoned felon. “CZ” Zhao.
This meeting was a reflection of a wider, crypto-friendly shift in US banks.
Jenny Johnson, Franklin Templeton’s CEO at the event envisioned an integrated world where blockchain and traditional finance can work in harmony. “To me, I’m always trying to understand how this is evolving and particularly at the crossroads of TradFi and DeFi,” “She said”
Trump’s son Eric Trump noted that the Trumps are more friendly and welcoming now, as well as the change in attitude towards crypto. “There’s people in this room that were probably on the opposite side of us, that were canceling bank accounts for us, that were kicking us out of their big banks for no reason other than the fact that my father was wearing a hat that said, ‘Make America Great Again.’”
Bitcoin gained a little momentum after the Forum and rose 1.3% a few days later. The week was generally unchanged with the price down by 0.87%.
Trump Threatens Further Tariffs on February 22, 2026
The US Supreme Court ruled in the case Learning Resources v. Trump. ruled It was argued that some of the tariffs defined by his administration were imposed outside the scope of his authority.
The International Emergency Economic Powers Act of 1977 (IEEPA) was used to implement the tariffs that Trump implemented.
Trump expressed his dissatisfaction with the Supreme Court and in particular the Justices he had appointed during his first term. He went on to say that he was disappointed in the Supreme Court, particularly with those justices whom he had nominated during his first term. levied The Trade Act of 1974 was used as the justification for a tariff of 10% on a worldwide basis.
Tariffs again exert downward pressure on the markets.
Bitcoin is still in the holding pattern. It was down by 0.77% on day one after the Supreme Court’s decision, and it had fallen to 1.3% as of publication time.
What moves Bitcoins more? Policy or rhetoric?
Bitcoins have experienced numerous price changes based upon the opinions of prominent people.
Tesla CEO Elon Mots, for example. spiked Bitcoin’s value will increase by 20% just by adding “Bitcoin” to the phrase “#bitcoin” To his X biography. Tesla’s announcement to accept Bitcoin as payment moved The price ranges from $39,000 up to $44,000.
Trump’s election hasn’t changed the political landscape as dramatically, although the raw numbers are lower.
Crypto industry in US is gaining significant ground. Congress is developing a regulatory framework for crypto, and crypto acceptance is increasing at all levels.
Crypto investors and financial institutions are more concerned about the CLARITY Act’s lack of advancement. Tariffs can also increase consumer prices and create economic insecurity.
These macroeconomic forces have a greater impact on Bitcoin’s price as crypto integrates more with the traditional financial markets.
Magazine: Clarity Act risks repeat of Europe’s mistakes, crypto lawyer warns
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