Crypto Markets Stumble as Bitcoin Slips and Trump’s Trade Policies Stir Uncertainty

Just a week ago, Bitcoin reached an all-time high of over $111,000, but subsequently declined slightly. Major altcoins like XRP, Solana, and Cardano are also suffering losses heading into the weekend.

Hopes for a Bitcoin rally have suffered a severe setback: On Friday morning, BTC is trading at around $105,000, down about 5 percent for the week. On May 22, Bitcoin had reached an all-time high of just over $111,000 , and the door to new records seemed open. But the reality is different, and even prominent altcoins like Solana, Cardano, and Ripple (XRP) have slipped significantly into negative territory.

What’s driving the crypto markets right now?

– US President Donald Trump is dominating the headlines, and not necessarily in a positive way. Whether Trump truly intends to impose his economic policy ideas with high trade tariffs, and whether doing so would even be legal, remains unclear. But Bitcoin, like the financial markets, reacts sensitively to signals from the White House that could lead to inflation and the risk of recession.

– When Bitcoin weakens as the leading cryptocurrency, altcoins often fare even worse. XRP (Ripple) is hit just as hard, with a weekly loss of 10 percent, as is Solana (SOL), while Cardano (ADA) is even suffering a 14 percent weekly loss. Popular meme coins around Dogecoin (DOGE) were even less able to buck the trend, averaging around 20 percent weekly losses.

– Only Ethereum is holding up relatively well among the top altcoins, with a weekly loss of 2 percent. Ethereum ETFs played a crucial role here, finally experiencing daily capital inflows again. However, with prices well above $2,600, Ethereum still has a long way to go to its 2025 annual high of nearly $3,700, and the ETH all-time high of over $4,800 from 2021 seems like a relic of a bygone era.

– For the sake of completeness: IOTA has fallen below 0.19 US dollars (down 18 percent for the week), and this probably ends the dream that the major upgrade Rebased from the beginning of the month could have positive effects.

Conclusion: Trump pulls the plug on a possible Bitcoin rally for the time being

Whether Bitcoin is currently merely undergoing a price correction or is threatening further setbacks will largely be decided by US President Donald Trump. Will punitive tariffs be imposed, or will Trump find viable compromises with important trading partners like the EU and China?

In recent months, Bitcoin has always responded positively whenever Trump has attempted to ease tensions – and the BTC price curve has just as regularly declined whenever the US President has embarked on a collision course. For Ethereum, Cardano, XRP, Solana, and almost all altcoins, Bitcoin remains the benchmark; their own upward momentum is currently in short supply.

The month of June is approaching with mixed feelings, not only for Bitcoin; the stock markets also want nothing more than a Donald Trump with a predictable trade policy.

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(Featured image by DS Stories via Pexels)

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