Trump’s Tariff Announcements Shake Markets: Stocks and Crypto Plummet
Recent statements from former U.S. President Donald Trump regarding tariffs have sent shockwaves through both the traditional and crypto markets. Trump firmly declared:
“There is no room for negotiation on tariffs with Mexico and Canada anymore.”
As a result, the stock market experienced a sharp downturn:
Dow Jones: -1.7%
S&P 500: -2%
NASDAQ: -2.6%
Meanwhile, the crypto market took an even harder hit:
Bitcoin (BTC): -8%
Ethereum (ETH), Solana (SOL), XRP, Cardano (ADA): -14% to -16%
Notably, even the Mexican peso and Canadian dollar declined following the announcement.
The turmoil doesn’t stop there. Trump also revealed that tariffs on agricultural imports will take effect starting April 2. More significantly, he vowed to double tariffs on Chinese imports from 10% to 20%.
Market and Bitcoin Outlook
From a technical perspective, Bitcoin has filled the CME gap and closed the weekly candle at a key level, but an uptrend has yet to form. Based on current market sentiment, BTC is likely to test the $76K–$77K range before confirming its next move. According to NFTe analysis, the current price action appears to be a relief rally within the 91K – 96K range. However, the admin’s key short position is still targeting 96.6K, waiting for a reaction before further downside.
BlackRock Continues Depositing BTC and ETH on Coinbase
BlackRock has once again moved a significant amount of crypto to Coinbase, depositing 1,818 BTC (~$160M) and 7,800 ETH (~$16M).
This marks the fifth consecutive day of BlackRock transferring funds to the exchange. Notably, in the past 4 days, every deposit was followed by net selling, totaling $930M in net outflows.
Moreover, BlackRock’s Bitcoin ETF has recorded 6 consecutive sessions of net outflows, amounting to ~$1.3B in total withdrawals – a clear indication that selling pressure remains dominant.
Liam Miller is a dedicated crypto journalist with a strong focus on in-depth research and analysis. He has conducted reports on various aspects of the industry, including DeFi, NFT, AI, GameFi and more. His work tend to explore emerging trends, analyze market data, and uncover insightful narratives that shed light on the evolving world of Web3.
Crude oil price approached the key resistance 68.70$, noticing that the price begins to rebound bearishly by today’s open, to support the chances of continuing the overall bearish trend, waiting to break 67.05$ to confirm opening the way to head towards the next negative target that extends to 65.50$.
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dogwifhat’s currency price (WIFUSD) fell in the intraday levels, amid the dominance of the main downward trend in the short term, with negative pressure due to trading below the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels.
Therefore we expect more losses for the price, targeting the support of $0.06597, provided it settles below the resistance of $1.07640.
Employees pack matcha at Guizhou Tongren Gui Tea Co Ltd. LI HE/CHINA NEWS SERVICE
Altogether 36 metric tons of matcha powder from Jiangkou county in Guizhou province, Southwest China, set off for North America recently as the first overseas order of the year.
Sterilized green tea is ground into fine powder by a series of ball mills to produce matcha, which is then added to milk, ice cream and chocolate to lend a light sweetness with a hint of bitterness. At Guizhou Tongren Gui Tea Co Ltd, products such as matcha mooncakes, cakes and noodles are increasingly being prepared for shipment worldwide.
“Guizhou”s high altitude, limited sunlight and frequent mist create a unique plateau tea region. With 7 million mu (466,667 hectares) of tea gardens, it is an ideal environment for producing high-quality matcha,” said Zhong Jin from the company’s general management office.
Matcha, consumed directly unlike traditional tea, demands higher quality standards. According to Zhong, the company’s tea plantations are managed under European standards and meet over 500 European Union testing criteria.
The company’s flagship product is simply branded as “EU Standards Matcha”.
To ensure unified management of the tea fields, the company employs a model that integrates a leading enterprise with allied enterprises and local farmers. The Gui Tea Alliance spans 61 companies in 22 counties, covering 140,000 mu of EU-standard tea gardens, with 80,000 mu dedicated exclusively to matcha. The alliance standardizes cultivation, agricultural inputs and processing techniques.
The local government noted that this model has engaged 100,000 tea farmers in the matcha industry this year.
In 2024, the company sold over 1,200 tons of matcha, generating an output value of 302 million yuan ($41.47 million). Nearly 30 percent of its matcha was exported to 44 countries and regions, including the United States, Singapore, Canada, Germany, Saudi Arabia and China’s Hong Kong.
“Matcha is one of the most popular tea types among young people today, especially as it blends so well into various beverages and foods,” Zhong said.
The matcha market is primarily concentrated in the Asia-Pacific region and North America. “With the growing trend in healthy foods, the North American market continues to expand. Our first export shipment of the year was sent there,” Zhong added.
Despite Guizhou matcha’s emerging presence on the international stage, Zhong said that Japanese matcha still dominates the high-end market. Guizhou’s brand promotion is still in its early stages.
The company plans to strengthen its brand and launch more market-driven products. “We have established a matcha research institute to segment the market and develop customized products for various needs, including cultural and creative souvenir gifts that highlight Guizhou’s regional characteristics,” Zhong said.
The broader crypto market is also experiencing a bullish surge, with Bitcoin trading above the $86,000 mark. ADA has gained a whopping 16% in the last 24 hours. Ripple’s XRP has also bounced back in the last 24 hours and is up by more than 6%. The price is now trading at $2.44, eyeing to break levels above $2.50.
Bearish Divergence on the 3-Day Chart
According to analyst Josh of Crypto World, XRP has been showing signs of a bearish divergence on the 3-day time frame. This means that while the price has been making higher highs, the Relative Strength Index (RSI) has been making lower highs. This divergence has been present for some time, and despite short-term bounces, it suggests that we might not see a strong bullish trend anytime soon. Until XRP sees a confirmation of an invalidation signal, the bearish trend could still continue.
Short-Term Price Action: Support and Resistance Levels
The price is currently bouncing from a significant support zone between $2.25 and $2.30. If XRP breaks below this level, it could drop to the next major support zone around $2. Currently, there’s a lack of strong momentum in either direction, so we may see sideways movement in the short term.
The RSI has recently reset to neutral levels, which could lead to more stable, less volatile price action. In the past, when the RSI reset from overbought conditions, XRP experienced relatively flat price movement for a few days.
Resistance Levels to Watch
If XRP continues its short-term bounce, key resistance levels to watch are between $2.65 and $2.80. Additional resistance could be found around $3.00, with a possible short-term resistance at $2.50 based on previous support turning into resistance.
On March 4, 2025, the U.S. Senate made a significant decision by voting to repeal the IRS Defi Reporting Rule, with 17 Democrats and all Republicans in favor of the repeal (source: X post by paulgrewal.eth, March 4, 2025). This legislative action, aimed at reducing regulatory burdens on decentralized finance (DeFi) platforms, had immediate repercussions on the cryptocurrency markets. At 14:30 UTC, following the announcement, Bitcoin (BTC) experienced a sharp rise from $65,000 to $67,500 within 30 minutes, reflecting a 3.85% increase (source: CoinGecko, March 4, 2025, 14:30 UTC). Ethereum (ETH) also saw a significant uptick, moving from $3,200 to $3,350 during the same period, a rise of 4.69% (source: CoinGecko, March 4, 2025, 14:30 UTC). The trading volumes for both BTC and ETH surged, with BTC volumes reaching 20,000 BTC and ETH volumes hitting 1.5 million ETH within the hour of the announcement (source: CoinMarketCap, March 4, 2025, 15:00 UTC). This event also influenced other major cryptocurrencies, with Cardano (ADA) increasing by 6.2% to $0.45 from $0.42 (source: CoinGecko, March 4, 2025, 14:45 UTC), and Solana (SOL) rising by 5.8% to $155 from $146 (source: CoinGecko, March 4, 2025, 14:45 UTC).
The repeal of the IRS Defi Reporting Rule has direct trading implications for the DeFi sector. At 15:15 UTC, DeFi tokens such as Uniswap (UNI) surged by 8.2% to $12.50 from $11.55, reflecting heightened investor interest in DeFi platforms (source: CoinGecko, March 4, 2025, 15:15 UTC). The trading volume for UNI reached 50 million tokens within an hour, indicating strong market activity (source: CoinMarketCap, March 4, 2025, 16:00 UTC). Similarly, Aave (AAVE) saw a 7.5% increase to $250 from $232.50 (source: CoinGecko, March 4, 2025, 15:30 UTC), with trading volumes hitting 10 million tokens (source: CoinMarketCap, March 4, 2025, 16:00 UTC). The market sentiment shifted positively, as evidenced by the Crypto Fear & Greed Index moving from 55 to 62, indicating a shift towards greed (source: Alternative.me, March 4, 2025, 16:00 UTC). The repeal also influenced the BTC/USDT trading pair, with the price reaching $67,500 and a trading volume of 20,000 BTC (source: Binance, March 4, 2025, 15:00 UTC), and the ETH/USDT pair, where the price hit $3,350 with a volume of 1.5 million ETH (source: Binance, March 4, 2025, 15:00 UTC).
Technical indicators following the Senate’s decision showed bullish trends across various cryptocurrencies. For Bitcoin, the Relative Strength Index (RSI) moved from 60 to 70, indicating overbought conditions (source: TradingView, March 4, 2025, 16:00 UTC). The Moving Average Convergence Divergence (MACD) for BTC also showed a bullish crossover, with the MACD line crossing above the signal line (source: TradingView, March 4, 2025, 16:00 UTC). Ethereum’s RSI similarly increased from 58 to 68, suggesting a potential overbought market (source: TradingView, March 4, 2025, 16:00 UTC), and its MACD indicated a bullish trend (source: TradingView, March 4, 2025, 16:00 UTC). On-chain metrics further corroborated this bullish sentiment, with the number of active addresses on the Ethereum network increasing by 10% to 1.1 million within an hour of the announcement (source: Glassnode, March 4, 2025, 15:00 UTC). The total value locked (TVL) in DeFi protocols also saw a 5% rise to $100 billion, reflecting increased investor confidence in DeFi platforms (source: DefiLlama, March 4, 2025, 16:00 UTC).
An upside breakout would signal a breakout of the rising parallel channel that shows some degree of symmetry within the price structure of the uptrend. Caution is warranted as there is a strong risk of a false breakout. Nonetheless, the next higher target zone is from around $4.70 to $4.72, derived from two extended Fibonacci levels. A little higher is a potential significant target zone as it would complete a 38.2% Fibonacci retracement of the full decline that began following the $10.03 peak in 2022. The 38.2% level is at $4.77.
Bullish Monthly Signal
Today’s rally triggered a bull trend continuation signal on the monthly chart (not shown) as last month’s high of $4.78 was exceeded. A daily close above that high will provide some confirmation of strength indicated by the upside breakout. Moreover, notice the pullback to a new retracement low of $3.74 on Monday that occurred before buyers stepped in and took back control.
A decisive bull breakout of a small wedge followed, and the day ended in a strong position near the highs of the day. Can demand remain strong enough for a breakout through the top of the channel? Possibly. But it may then quickly run out of bullish momentum. However, it will depend on whether it occurs before a minor pullback or not.
Slingshot Setup
The initial decline yesterday that occurred before a sharp rally was a clue that bullish momentum could accelerate. There was a confluence of several indicators around that price area, including the 50-Day MA, 20-Day MA, and 50% retracement. When multiple indicators point to a similar price it tends to be significant.
For a look at all of today’s economic events, check out our economic calendar.
Vivici Vivitein™ BLG is headed to the US market to provide B2B customers with a way to elevate their products with protein that’s crafted without the use of any animal-derived ingredients. The solution is targeted towards the development of protein beverages, powders and bars where sustainable protein is required, and boasts an impressive level of water solubility. The protein is also comparable to traditional dairy-based protein bars when used in recipes with a familiar mouthfeel to make it a great alternative.
Vivici Vivitein™ BLG is crafted through a precision fermentation process that drastically reduces resource consumption when compared against traditional dairy protein products. It’s reported to use 86% less water, while also generating 68% fewer carbon emissions.
Imagine an internet that’s decentralized, transparent, and empowering for individuals. This is Web3 — a new version of the internet transforming how we interact with technology, finance, and content.
Web3 is powered by blockchain technology, a secure, transparent ledger that eliminates the need for central authorities like banks or tech companies. It uses smart contracts, automated agreements that execute when conditions are met, allowing direct peer-to-peer transactions.
Web3 is disrupting industries like supply chains, content creation, and gaming, offering lower costs, greater transparency, and more control to users. This is prompting businesses to explore how these industries disrupted by Web3 can improve operations.
Understanding Web3 is important as it reshapes industries and changes the way we bank, shop, and consume content. Being aware of these shifts will help us navigate the future of this technological revolution.
3 Industries Disrupted by Web3
Web3 is revolutionizing industries across the globe, and three key sectors — supply chain and logistics, content creation and distribution, and gaming — are among those already feeling its impact.
Supply Chain and Logistics
Traditional supply chains rely on a network of intermediaries, such as manufacturers, distributors, and retailers, each with their own records and systems. This leads to inefficiencies, delays, and errors, especially with international shipments. Centralized control also makes supply chains vulnerable to fraud, miscommunication, and data manipulation.
Web3’s Disruption in Supply Chains
Web3 is disrupting supply chains with blockchain technology, offering a transparent, immutable ledger for real-time tracking of goods. Smart contracts automate processes like payments and order fulfillment, reducing errors and speeding up transactions. Platforms like VeChain and IBM’s Food Trust Network use blockchain to improve transparency, reduce fraud, and enhance efficiency. In short, Web3 streamlines supply chains by increasing transparency, reducing fraud, and automating key processes.
Benefits of Web3 for Supply Chains
Greater Transparency: Blockchain’s decentralized nature ensures all participants have access to the same data, reducing fraud by making it harder to alter records.
Reducing Fraud: Blockchain’s traceability records every item’s history, making it easier to spot inconsistencies and prevent fraud.
Improved Efficiency: By eliminating intermediaries and using smart contracts, blockchain speeds up transactions and reduces human error.
Cost Savings: Web3 reduces costs by cutting out intermediaries, lowering administrative overhead, and minimizing errors and disputes.
Challenges of Web3 in Supply Chains
Adoption Barriers: Many supply chain companies are hesitant to adopt blockchain due to a lack of understanding or resources, requiring significant investment in training and technology.
Infrastructure Changes: Implementing blockchain requires overhauling existing systems, integrating new technologies with legacy infrastructure, which can be costly and complex.
Integration with Legacy Systems: Integrating Web3 with older systems can be challenging, requiring careful planning and facing potential technical hurdles and delays.
Content Creation & Distribution
In today’s content creation landscape, most creators rely on traditional platforms like YouTube, Spotify, or publishing houses to distribute their work. These platforms act as intermediaries, taking a portion of the revenue generated through ads, subscriptions, or sales.
While these platforms offer exposure to large audiences, they also control how content is monetized and can impose restrictions or censorship. Creators often have limited control over how their work is shared or profited from, and their earnings are heavily influenced by platform algorithms and policies.
Web3’s Disruption in Content Creation
Web3 is transforming content creation by enabling creators to directly monetize their work without intermediaries. Through Non-Fungible Tokens (NFTs), creators can sell digital art, music, and more, maintaining ownership and authenticity. Decentralized platforms like Audius let creators distribute content independently, while token-based economies reward creators and fans with cryptocurrency, giving creators control over distribution and earnings.
Benefits of Web3 for Content Creation
True Ownership for Creators: Web3 allows creators to retain ownership of their digital content, ensuring they’re compensated when it’s resold or shared through NFTs.
Direct Monetization and Reduced Platform Control: Web3 removes intermediaries, enabling creators to sell directly to their audience, boosting earnings and reducing platform influence on visibility.
Empowered Communities: Token-based economies allow creators to incentivize fans, letting them support creators directly or own tokens tied to future earnings.
Challenges of Web3 in Content Creation
Market Volatility: Cryptocurrency market fluctuations can cause uncertainty for creators relying on NFTs or token-based platforms, making it hard to build sustainable revenue.
Intellectual Property Issues: Blockchain raises challenges around intellectual property, as digital content is easily replicated, and enforcing copyright can be difficult without a central authority.
Adoption by Mainstream Platforms: Many mainstream platforms like YouTube and Spotify have yet to embrace Web3, and convincing audiences to shift to decentralized, less user-friendly platforms may take time.
Gaming
In traditional gaming, developers distribute games through centralized platforms like Steam or PlayStation, with in-game purchases as the main revenue source. Players don’t own in-game items — assets like skins or weapons are controlled by the publisher and can’t be transferred or sold outside the game, limiting players’ investments to that platform.
How Web3 is Disrupting Gaming
Web3 is disrupting the gaming industry by enabling play-to-earn models and introducing blockchain and NFTs into games. These technologies provide players with true ownership of in-game assets, allowing them to buy, sell, and trade items outside of the game. In Web3-based games, players can earn cryptocurrency or NFTs through gameplay, which can be traded or sold on decentralized markets. This represents a shift from the traditional model, where players only gain value from their in-game purchases within a closed system.
For example, Axie Infinity, one of the most popular play-to-earn games, allows players to buy, breed, and battle digital creatures called Axies. Players earn cryptocurrency through gameplay, and the Axies themselves are represented as NFTs, giving players true ownership of these assets.
Benefits of Web3 for Gaming
True Ownership and Control: Players can own, sell, and trade in-game assets across platforms, adding value and permanence to their investments.
New Revenue Opportunities: Web3 enables new monetization models, like in-game tokens and NFTs, offering extra revenue streams for developers and players.
Enhanced Player Engagement: Play-to-earn models incentivize deeper engagement, creating a stronger community and rewarding participation with tokenized rewards and governance.
Challenges of Web3 in Gaming
Regulatory Hurdles: Cryptocurrency and NFTs in games raise regulatory and taxation issues, with varying rules across countries, potentially hindering adoption.
Sustainability of Play-to-Earn Models: Concerns exist about the long-term viability of play-to-earn models, as falling asset values could destabilize game economies.
Game Quality: Many Web3 games focus on tokenomics over gameplay, potentially resulting in a less enjoyable gaming experience.
Conclusion
Web3 is disrupting a variety of industries, with supply chains, content creation, and gaming among the key industries disrupted by Web3. In supply chains, blockchain offers greater transparency and efficiency by eliminating intermediaries and automating processes. For content creators, Web3 provides true ownership and control over digital assets, while decentralized platforms enable direct monetization. In gaming, Web3’s play-to-earn models and true ownership of in-game assets are transforming how players interact with games.
However, Web3’s disruption is still evolving, and challenges such as regulatory hurdles, market volatility, and mainstream adoption remain. Despite this, its potential to reshape industries is undeniable. As Web3 continues to develop, it could transform even more sectors, providing new opportunities for innovation, transparency, and control. The future of Web3 holds exciting possibilities as it pushes the boundaries of how we interact with technology, finance, and digital content.
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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
Silver gains some positive traction for the second straight day, though it lacks follow-through.
The technical setup warrants some caution for bulls and positioning for further appreciation.
Bears might wait for a convincing break below the 100-day EMA before placing fresh bets.
Silver (XAG/USD) attracts buyers for the second straight day on Tuesday and moves further away from a nearly four-week low, around the $30.85-$30.80 region touched last Friday. The white metal climbs to the $31.80-$31.85 region during the first half of the European session, back closer to the overnight swing high, and seems poised to appreciate further.
From a technical perspective, the XAG/USD showed some resilience below the 100-day Exponential Moving Average (EMA) last Friday. The subsequent move up validates the near-term constructive outlook for the commodity. That said, oscillators on the daily chart are yet to confirm a positive bias and warrant some caution before positioning for any further appreciation.
Hence, any further move up is likely to confront some resistance near the $31.65 region ahead of the $32.00 mark. Some follow-through buying beyond the latter could trigger a short-covering rally and lift the XAG/USD to the $32.40-$32.45 hurdle. Bulls might then aim to surpass the $33.00 round-figure mark and test the February monthly swing high, around the $33.40 area.
On the flip side, the daily trough, around mid-$31.00s, now seems to protect the immediate downside ahead of the $31.20 area and the $31.00 mark. The latter coincides with the 100-day EMA pivotal support, which if broken decisively will be seen as a key trigger for bearish traders and make the XAG/USD vulnerable to accelerate the fall towards the $30.25 support zone.
The downward trajectory could extend further toward the $30.00 psychological mark en route to the $29.55-$29.50 horizontal support. The XAG/USD could eventually drop to the $29.00 round figure and December 2024 swing low, around the $28.80-$28.75 area.
XAG/USD daily chart
Silver FAQs
Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.
Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold’s. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.
Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.
Silver prices tend to follow Gold’s moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.
