Trump's Tariffs Spark 2025 Bull Market Frenzy

Trump's Tariffs and the 2025 Bull Market: Insights from Altcoin Daily Interview

U.S. President Donald Trump's recent trade policies, particularly the imposition of new tariffs on Chinese imports, have sparked concerns about their impact on the global economy and, by extension, the cryptocurrency market. In a recent interview with Altcoin Daily, the hosts discussed the potential implications of these trade tensions on the 2025 bull market.

Trump's trade protectionism has been a significant factor in the recent market volatility, with the announcement of a new 10% tariff on Chinese imports effective from February 1st. The White House has also committed to enforcing an additional 10% tariff on all goods imported from China, compounding existing trade barriers. These protectionist policies aim to bolster domestic industry and shield American businesses from globalization effects.

In the context of the cryptocurrency market, these economic shifts can influence digital asset valuations and trading volumes. As the tariff war scare demonstrated, Bitcoin demand remains strong, consistently absorbing pullbacks—even at historically high levels above $90,000. Glassnode analysis suggests that demand for BTC could rise, possibly triggering the market's "second euphoric phase." Historical data shows that in the past three cycles, corrections averaged around 25%, followed by an acceleration in price performance during the final third of the bull run. The current bull market is yet to experience such an acceleration.

On the supply side, a key metric to watch is the Long/Short Term Holder Threshold. It tracks capital rotation from long-term investors to new buyers, providing a clearer view of supply dynamics. Bitcoin cycle peaks often align with long-term holders taking profits and offloading their coins to newcomers. Glassnode data shows that this is not the case yet. While long-term holders have transferred over 1 million BTC to new buyers since November 2024, they still retain a significantly larger share of the supply, signaling confidence in even higher prices ahead.

Additional data from Glassnode shows the 2022–2025 cycle has closely mirrored the 2015–2018 cycle so far. However, an exact repeat is unlikely. In 2017, Bitcoin's all-time high multiplied its price by 113x, while the next peak