Bitcoin, XRP, Ether Prices Mixed Amid Tariff Turmoil

altcoin chronicle

14 Apr 2025 — 1 min read

On April 14, 2025, the cryptocurrency market experienced mixed movements amid global economic uncertainties. Bitcoin (BTC) saw a modest increase of 0.73%, trading at approximately $84,679. Ethereum (ETH) rose by 1.57% to around $1,629.70, while XRP experienced a slight uptick of 0.94%, reaching $2.15.

These fluctuations coincided with the Trump administration's announcement to temporarily exempt certain technology products, including smartphones and computers, from new tariffs on Chinese imports. This decision led to a rally in tech stocks, with the Nasdaq rising 1.3% and the S&P 500 gaining 1%. However, the exemptions are temporary, and further tariffs may be imposed following a national security investigation.

Federal Reserve Governor Christopher Waller described the tariff policies as a significant shock to the U.S. economy, creating uncertainty with a wide range of potential outcomes. He indicated that if the tariffs remain as proposed, they could slow the economy substantially and increase unemployment. This economic backdrop contributes to the cautious sentiment in the cryptocurrency market.

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China Debates Management of Seized Cryptocurrencies

Russia Advocates for Development of Domestic Stablecoins

Kraken Lays Off Hundreds Ahead of Planned IPO

Bhutan Embraces Green Cryptocurrency Mining to Boost Economy