Bitcoin dipped by 4% in the last 24 hours amid reports of upcoming U.S. tariffs on key trading partners.

President Donald Trump's tariff announcements have been dramatic enough to keep crypto traders on edge, as Bitcoin and altcoins continue to react to the news.

President Donald Trump’s threat of imposing broad tariffs on key U.S. trading partners has seen Bitcoin (BTC) price drop by 4% in the last 24 hours.

Trump’s tariff announcements have been dramatic enough to keep crypto traders on edge, as Bitcoin and altcoins continue to react to the news.

Optimism grew this week after reports claimed that Trump will opt for narrower tariffs than previously suggested.

The U.S. president spoke with Canadian Prime Minister Mark Carney Friday morning, and initial reports are favorable.

Trump said the phone call was "very, very good", adding "I think things will work out very well." On his end, Carney’s office said the two sides agreed to begin "comprehensive negotiations."

However, it remains uncertain if Trump will announce additional levies on Canada, China and Mexico on April 2. Until then, traders can expect more volatility and price swings in Bitcoin and altcoins.

Dogecoin (DOGE) and XRP are the two altcoins that held steady amidst steep Bitcoin flashcrashes and Trump’s tariff announcements.

Crypto sectors hit hardest by Trump’s tariff war

Bitcoin has dropped after nearly every major tariff announcement from Trump. However, altcoins have taken a more significant hit, with the combined market capitalization of altcoins down 4% on the day and 23% year-to-date.

The total market capitalization of crypto, excluding Bitcoin, is down nearly 36% from its $1.65 trillion peak on December 7, 2024.

The hardest-hit categories include meme coins, Solana-based and Base-based meme tokens, AI agent, and AI launchpad tokens. Blue-chip meme coins like Dogecoin held on to gains from 2024, while XRP remained resilient after the Securities and Exchange Commission settled its lawsuit for $50 million.

The two altcoins have shown resilience, DOGE and XRP traders have taken profit consistently, even in Q1 2025, amidst the uncertainty from the Trump administration’s tariff announcements and executive orders.

Bitcoin, Dogecoin and XRP are the top 3 crypto winners

Bitcoin held its ground despite tariff announcements, and recovered from four flashcrashes that erased between 20 and 30% of BTC value, this market cycle. Analysts and BTC holders are convinced that the largest cryptocurrency has hit its cycle bottom under $77,000, a multi-month low for Bitcoin.

While Bitcoin hovers around $84,000 on Friday, there is a rise in institutional demand and capital inflow to U.S.-based ETFs. Wall Street’s institutions are keen on adding Bitcoin to their treasury/ balance sheet.

Dogecoin, the largest meme coin in the sector and XRP, the second largest altcoin, had a similar response. DOGE price is up 41% in the last six months and XRP is up nearly 260% in the same timeframe.

DOGE could test resistance at the $0.20404–$0.21465 imbalance zone. If it corrects, the token may find support 10% lower near $0.16054, the upper boundary of a bullish fair value gap.

Technical indicators on the daily timeframe, RSI and MACD support a recovery in Dogecoin. The meme coin could recover from the 5% price drop on Friday, and re-test resistance in the coming week.

While both altcoins erased some of their value on Friday and the past week, Bitcoin, Dogecoin and XRP’s long-term holders had the opportunity to take profits on their past purchases, this market cycle.

XRP’s chart shows potential for a continued decline. The MACD prints red histogram bars above the neutral line, and RSI sits at 42, trending downward, both signaling negative momentum.

Still, XRP holds on to its six-month gains. The SEC lawsuit resolution and a 60% reduction in the proposed settlement have marked partial victories for Ripple.

If the price slips further, XRP could test support at $1.9575 (down 11%), while a rally could push it to $2.5900, an 18% gain from current levels.

Donald Trump’s tariff war has increased pressure on top altcoins, meme coins

U.S. trade tensions escalated amid tariff impositions and announcements by President Trump. Top altcoins like Cardano (ADA), Solana (SOL) and Chainlink (LINK) were the hardest hit, among cryptocurrencies ranked in the top 30 by market capitalization.

At the time of writing, while most altcoins remain 60 to 90% below their all-time highs, Dogecoin and XRP are holding on to their double-digit gains from six months ago. Ethereum (ETH) is