Crypto Markets Remain Stable Amid Trump Tariff Instability: NYDIG

Jimmy Aki
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On April 11, New York Digital Investment Group (NYDIG) analyst Greg Cipolaro revealed that crypto markets have remained remarkably stable despite the turmoil caused by President Donald Trump’s fluctuating US tariff policies. He highlighted this resilience amidst the ongoing volatility in the traditional finance sector.

Crypto Markets Show Resilience, Attracting Investors Seeking Stability Amid Market Disruptions

Cipolaro, the global head of research at NYDIG, noted that crypto futures rates have also remained “persistently positive.”

This came despite market panic triggered by US tariff announcements on April 2 and April 9, which led to an increase in liquidations.

Still, Cipolaro pointed out that the total liquidations of $480 million were relatively low compared to other significant events that had previously caused similar large-scale sell-offs.

He stated that USDT saw only minor fluctuations and avoided significant declines.

In addition, Bitcoin has shown more resilience by outperforming other assets despite being impacted by the overall market volatility.

Cipolari stated that Bitcoin has been stronger because some investors are shifting their assets into it as they cut down on risks.

He added that Bitcoin’s volatility has remained stable compared to traditional markets, making it more appealing to investors seeking assets that are not influenced by trade disruptions.

Concerns Over Market Recovery as US Brands Struggle in China

However, Ruslan Lienkha, YouHodler’s chief of markets, noted that despite positives in the market, technical indicators show concerning signs.

He mentioned a “death cross” could be forming on Bitcoin and the S&P 500, where the 50-day moving average drops below the 200-day moving average.

The pattern is often seen as a bearish sign for the medium term, suggesting that markets may face difficulties sustaining market growth without strong positive economic factors.

Moreover, growing US-China trade tensions, worsened by Trump’s policies, are taking a toll on US brands.

Brands, such as General Motors and Starbucks, have also been losing market share to Chinese companies.

Once the leader in China’s smartphone market, Apple fell to third place in 2024 as domestic rivals like Vivo and Huawei gained ground.

Tech analyst Ives warned that these tariffs could set Apple back for many years. He called the tariffs an “Armageddon scenario” for the US tech sector, with analyst Cherry Ma suggesting that a price hike for Apple’s iPhone series is nearly inevitable.

As over 80% of Apple’s iPhones are made in China, tech analyst Erik Woodring advises the brand to consider shifting much of its Asian production to India instead to soften the tariff effects.

Although the Trump administration has adjusted its strategy, exempting smartphones, computers, and other electronic devices from “reciprocal” tariffs, including the 125% levies on Chinese imports, US officials stressed that this exemption is only temporary.

This marks the first significant reprieve in Trump’s US tariff approach toward China, with one trade analyst calling it a “game-changer.”

Trump later announced that more details about these exemptions would be provided early this week.

About Jimmy Aki PRO INVESTOR

Based in the UK, Jimmy is an economic researcher with outstanding hands-on and heads-on experience in Macroeconomic finance analysis, forecasting and planning. He has honed his skills having worked cross-continental as a finance analyst, which gives him inter-cultural experience. He currently has a strong passion for regulation and macroeconomic trends as it allows him peek under the global bonnet to see how the world works.