Bitcoin Falls on Trump's 25% Tariff Declaration on Imported Cars

Trump Announces "Imposing 25% Tariffs on Foreign Cars"
U.S. Stocks·Cryptocurrencies 'Risk Assets' Fall on Inflation Fears
ETH/XRP 'Major Altcoins' Decline Intravenes During Mar. 27

Bitcoin(BTC) fell on Mar. 27 due to U.S. President Trump's comment on imposing tariffs on foreign cars.

President Trump announced in the Oval Office on Mar. 26(local time) that he will impose 25% tariffs on foreign cars. Following the 25% tariff on steel and aluminum, the 25% tariff on cars has raised concerns that it will cause global inflation.

Due to President Trump's comments, "risk assets" such as the U.S. stock market and cryptocurrency fell overall.

The Dow Jones 30 Industrial Average, S&P 500 Index and Nasdaq Composite Index closed down 0.31%, 1,12%, and 2.04%, respectively. Bitcoin fell about 0.56%, while major altcoins, including Ethereum(ETH) and XRP, recorded declines of more than 2%.

◇Bitcoin = Bitcoin price is $87,355 at 4:30 p.m. on Mar. 27, 2025. The Bitcoin share(dominance) was 61.65%.

The long(up) and short(down) betting ratios in the Bitcoin futures market stood at 51.02% and 48.98%, according to the on-chain analytics platform Sigbtc.

Experts have revealed the positive outlook for Bitcoin. In particular, on-chain analysis platforms insisted on a Bitcoin rebound based on on on-chain data.

On-chain analysis platform Arkham Intelligence pointed to Bitcoin Whale Wallet's purchase of 2,400 Bitcoin and claimed a rebound in Bitcoin.

Santiment, an on-chain analysis platform, pointed out that 27,740 Bitcoin have left the exchange, and said that the possibility of selling Bitcoin has decreased.

◇Upward Coin = The cryptocurrency that recorded the largest increase from the previous trading day at 4:30 p.m. on Mar. 27 was STP(STPT), up about 13% on the day alone.

STPT is an Ethereum-based token and is distributed around the world on a smart contract platform that allows assets to be tokenized in a way that complies with national regulations.

STP is co-founder of Chinese Mike Chen and Korean Lee Shin-hye, and has distributors in global exchanges such as Binance and Huobi in addition to Upbit.

◇Fear Greed Index = The digital asset fear-greed index provided by Alternative is 40 points, maintaining the 'Fear' level. The fear stage(20-39) is a stage where cryptocurrency price volatility and trading volume increase, and the price falls. It is highly likely to form a short-term low, so you should be careful about buying.

The cryptocurrency relative strength index(RSI) provided by Sigbtc was 54.8, which was in a 'neutral' state. RSI sets the relative strength between the upward and downward pressure of a particular asset price and is an indicator of a measure of over-purchasing and over-selling of a particular asset.

권승원 기자 ksw@blockstreet.co.kr