Trump’s “Liberation Day” Arrives: How Will New Tariffs Affect Crypto Prices?

• Crypto market cautious awaiting Apr 2 Trump tariff details (“Liberation Day”)
• ETH (~$1860) tests support near $1854; $1920 resistance key pre-announcement
• Other news: VanEck files BNB ETF, Eric Trump backs miner, NFT platforms close

Ethereum (ETH) and Bitcoin (BTC) experienced slight gains Tuesday as traders speculated President Donald Trump’s proposed tariffs might be less restrictive than initially anticipated. 

However, further details on these trade policies are expected later today (20:00 UTC, April 2). This announcement could significantly impact overall market sentiment.

The total crypto market cap stands near $2.85 trillion currently, with Bitcoin dominance holding at 58.59%, as investors closely monitor developments. The Fear & Greed Index sits at 44, indicating a state of “Fear” still prevails in the market.

Market Overview$BTC and $ETH saw price increases amid investor optimism that Trump’s upcoming tariffs might be less severe than expected.

However, new tariff-related data is set to be announced today at 20:00 UTC.

Market Cap: $2.85T
BTC dominance: 58.59%
Fear & Greed Index:… pic.twitter.com/iFMHxo42Ph

— CryptoRank.io (@CryptoRank_io) Apr…

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