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Crypto Holds as TradFi Sinks on Latest Trump Tariff Threat
Already having posted sharp losses over the past days, the price of bitcoin held about steady following the news.
Updated Feb 27, 2025, 2:37 p.m. Published Feb 27, 2025, 2:26 p.m.
What to know:
- In a clarification from comments made yesterday, President Trump said tariffs on Mexico, Canada and China will be implemented early next week.
- U.S. stocks gave up some gains, but crypto, so far, has remained steady following the remarks.
What was shaping up to be a strong opening for U.S. stocks is less so after President Trump clarified his latest thoughts on tariffs.
In a post on his Truth Social complaining about the influx of drugs from both north and south of the U.S. border, the president said tariffs will begin against Mexico and Canada on March 4 (next Tuesday). An additional 10% tariff on China will also be implemented that day, he continued.
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Comments Trump made at a cabinet meeting yesterday implied these tariffs weren't to begin until April.
Ahead more than 1% prior to the latest threat, Nasdaq 100 futures have trimmed those gains to about 0.6%. S&P 500 futures were posting only a marginal advance at press time and Dow futures have turned lower.
The U.S. dollar index has shot higher by 0.5% on the news.
Already under plenty of water over the past days and weeks — including a sizable tumble on yesterday's tariff chatter — crypto is more or less hanging steady at low levels following the news. Bitcoin is little-changed over the past hour at $85,600.
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Bitcoin pushes above $90,000 as traders eye change in pattern
Particularly hard-hit in 2025's final sessions, crypto-related stocks are bouncing in this year's first trading day.
What to know:
- Bitcoin rose above $90,000 during U.S. trading hours on Friday.
- It's a notable change in trend, as crypto prices late in 2025 were typically on the defensive while American stocks traded.
- Strategy, Coinbase, Hut 8 and Galaxy Digital were among the crypto-related stocks seeing strong gains.
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