Crypto Markets Stagnate Amid Trump’s Trade Turmoil and Investor Uncertainty

US President Donald Trump continues to shape sentiment in financial and crypto markets with his economic policies and trade tariffs. Bitcoin, along with XRP, Solana, Ethereum, and other altcoins, is stabilizing.

Outlooks and forecasts for the crypto markets, led by Bitcoin (BTC), are currently more difficult than ever. US President Donald Trump, with his zigzagging approach to trade tariffs, is dominating the economic news, and fears of inflation and recession are rife. Stock and financial markets are reacting highly sensitively to every statement from the White House, but appear to be recovering from the slumps at the beginning of the month.

The situation is not much different for Bitcoin and leading altcoins such as Ethereum, XRP (Ripple), and Solana. While Europe ushers in a long weekend tomorrow with Good Friday, the US stock markets are not taking a break. Where do we stand, and what could happen in the crypto markets?

Crypto markets depend on Trump’s decisions

Bitcoin is trading at around $85,000 this Thursday morning, just as it was on Monday, but temporary fluctuations indicate nervousness. A key theme: Often considered “digital gold,” Bitcoin is clearly struggling to live up to this image. The price of gold reached a new all-time high of $3,300 per troy ounce this week, demonstrating increased demand for the precious metal in uncertain times. BTC (all-time high of $109,000) has so far failed to match this trend, and Bitcoin ETFs continue to experience slight capital outflows.

Ethereum (ETH) has managed to cling to the $1,600 price mark, but this remains only a modest achievement. Since the beginning of the year, Ethereum’s price has halved, while Bitcoin has suffered a loss of around 15 percent over the same period. This is also reflected in Ethereum ETFs, which recorded minimal capital inflows on only four trading days in March and April and otherwise experience significant capital withdrawals every day.

The price curve of XRP (Ripple), like that of other top cryptocurrencies, is moving sideways, specifically at levels around $2.10. However, price-relevant developments are looming in connection with the U.S. Securities and Exchange Commission (SEC), which could soon rule on XRP ETFs and finally resolve the legal dispute with Ripple after more than four years. Optimists believe that XRP momentum is possible at this point.

Solana (SOL) is treading water at around $130 and, despite the first Solana futures ETFs, is failing to develop its own momentum. One reason: The hype surrounding meme coins in the SOL ecosystem has died down, thus removing a source of encouragement.

Speaking of meme coins: The official TRUMP meme coin, which was already viewed with suspicion at its launch, has now plummeted 89 percent from its initial all-time high, and starting tomorrow (April 18th), an “unlocking” mechanism will be activated that will make additional TRUMP coins available for sale. The questionable concept of reserving 80 percent of all TRUMP coins for the team and the presidential family could have even more bitter consequences for inexperienced investors than before.

Conclusion: Test of patience or calm before the storm for crypto markets?

Anyone who can predict President Trump’s next move with the aid of a crystal ball would likely be on the safe side as an investor. What sounds like a bad joke, however, has a serious background due to allegations of insider trading (here’s a report from the Tagesschau news program ). With his tariff pause announced a week ago, Trump also initially stabilized the crypto markets.

But for Bitcoin to regain positive momentum, it will likely take more than just a pause in Trump’s aggressive trade policy. And without Bitcoin as the pacesetter of the crypto markets, it’s hard to imagine altcoins like Ethereum, Solana, or XRP launching their own rallies. Symbolically, sentiment indicators for Bitcoin and other cryptocurrencies continue to point to “fear” – suggesting that market participants consider price losses more likely than a sustained upswing.

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(Featured image by rc.xyz NFT gallery via Unsplash)

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