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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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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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DOT Sinks 2% After Breaking Key Support
The Polkadot token erased earlier gains amid elevated volume, falling from a high of $2.09 to $1.97.
What to know:
- DOT collapsed through ascending trendline support around the $2.05 level on a massive 284% volume surge.
- The token broke decisively below the support level to trade 2% lower over the last 24 hours.
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