The cryptocurrency market displayed volatility recently, with Bitcoin (BTC) gaining 2.84% to $88,296 then closing at $86,913. This movement coincided with Donald Trump’s announcement of new auto tariffs of 25% on imports effective April 2nd.
Market Backdrop: Trump Announces New US Auto Tariffs
Bitcoin’s fluctuation happened just as Trump declared his administration’s new tariffs aimed at strengthening the US auto industry. Analysts worry about potential negative impacts such as production slowdowns and increased consumer prices. The BTC price, however, showed minimal response to this announcement.
Related: Trump’s Tariff Gambit: Will “Liberation Day” for US Trigger Gold Surge & Bitcoin Rebound?
Small-Cap Altcoins Buck the Trend with Sharp Gains
In contrast to Bitcoin’s stagnation, small-cap altcoins saw significant gains. Notably, ZETA, ORCA, and SAFE rose over 10%, with SUI surging 6% ahead of the Walrus protocol mainnet launch.
Bitcoin Dominance Stalls, Offers Clues in Sideways Market
As Q2 2025 approaches, Bitcoin’s market dominance remained steady at 61.64%, mostly ranging between 60% and 62% since February. This stagnation has left many investors uncertain about whether capital will flow back to Bitcoin or into altcoins.
During the last 48 hours, small-cap tokens showed notable volatility, with AGiXT gaining 85.3%, while DOGE rose 24.3%.
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