Donald Trump’s announcements have plunged financial markets into red this weekend. But at the end of Monday, the trend is back up.

Trump had promised to impose substantial customs duties on the countries bordering the United States, it is now done for Canada and Mexico but also for China. In the wake of other announcements targeting the European Union. Faced with this, the cryptocurrency market reacted unfavorably. The two border countries will now have to pay 25% customs duties. In parallel, the US imposes 10% additional taxes on China. In the wake of this, Canada, China and Mexico announced countermeasures.

The cryptocurrency market has reacted badly, and to fall sharply. Bitcoin dropped sharply to $93,000 before climbing back up again in the second half of Monday, February 3.

For the Altcoins, the reality is less encouraging because investors have not shown the same appetite to reposition themselves on these assets. The vast majority of them, however, compensated for at least half of the losses recorded over the weekend. Donald Trump’s announcements have created the biggest drop in volume ever recorded. This is explained in part by the fact that prices have never been so high for Bitcoin but also by the effect of cascading liquidations. Many investors were trapped in the night from Sunday to Monday. Ethereum suffer a spectacular drop!

The next few days will be decisive to know whether the market is returning to its price levels before this weekend of early February 2025. Nothing is played because the impulsive character of the new president of the United States tends to make the financial markets react violently. While this is a significant risk, it is also an excellent buy-back opportunity provided the market recovers.