Americas Crypto Market Update: PumpSwap Sees Financial Gains Amidst Looming Trump Tariffs and Bitcoin Uncertainty

By James Van Straten (all times are in Eastern Time unless specified otherwise) As trade tensions escalate, stocks in Asia and Europe have continued their decline from the previous week. The Japanese Nikkei 225 experienced a 4% drop, entering correction territory after falling over 10% from its record high. European indexes, including the FTSE 100, DAX, and CAC 40, opened lower alongside declining U.S. stock futures. The backdrop to this volatility is the introduction of new tariffs by President Donald Trump, scheduled to be announced on April 2 in an event dubbed 'Liberation Day.' These tariffs will be imposed on countries deemed to have unfair trading relationships with the U.S. According to the Financial Times, Trump stated, 'You'd start with all countries, so let's see what happens,' suggesting that while the initial application of tariffs may be broad, he is open to negotiating with certain countries. On Friday, U.S. equities declined following a higher-than-expected core PCE inflation reading, the Federal Reserve's preferred gauge for inflation. Market uncertainty is likely to persist with the upcoming U.S. jobs report on Friday, which forecasts the unemployment rate to rise to 4.2% and nonfarm payrolls to decrease to 128,000 from 151,000 the previous month. Gold prices are surging due to the uncertainty, exceeding $3,100 per ounce for the first time – a 1.2% increase for the day and nearly 20% year-to-date. Meanwhile, bitcoin continues to struggle, hovering just above $80,000. It has dropped more than 3% this month and 12% for the quarter, marking its worst performance since the fourth quarter of 2022. Ether, the second-largest cryptocurrency, has performed significantly worse than bitcoin this quarter, losing 46% in a decline that is the worst since 2018. As a result, the ether-to-bitcoin ratio has dropped to 0.02195, its lowest level since May 2020, when bitcoin was trading below $10,000 and ether was just above $200. Key Points to Watch: Upcoming Token Events Conferences Token Talk by Francisco Rodrigues Derivatives Positioning Market Trends: Bitcoin Statistics: Technical Analysis Crypto Equities ETF Flows Spot BTC ETFs: Spot ETH ETFs Source: Farside Investors Overnight Market Flows Chart of the Day While You Were Sleeping In the Ether