The crypto economy climbed Tuesday, mirroring gains in equities, as markets moved in anticipation of President Donald Trump's tariff blueprint

Each time Trump introduced a new tariff idea during his tenure as the 47th U.S. president, financial markets responded with sharp volatility.

Cryptocurrency prices rose on Tuesday, mirroring gains in equities, as markets moved in anticipation of President Donald Trump’s tariff blueprint, an event many have dubbed “Liberation Day.”

Major U.S. benchmark indices rebounded on the eve of Trump’s mega tariff rollout, while the “Magnificent Seven” stocks also gained after a four-day rout. Bitcoin (BTC) also rose, reaching $85,496 by mid-afternoon. The broader crypto market ticked up 2.24%, bringing its total valuation to $2.75 trillion.

Each time Trump introduced a new tariff idea during his tenure as the 47th U.S. president, financial markets responded with sharp volatility.

Trump’s “Liberation Day” is on April 2, 2025—a date chosen by the president to introduce a sweeping tariff strategy crafted to counter what he views as unjust trade tactics by foreign governments. The plan hinges on implementing “reciprocal tariffs,” designed to mirror the duties other nations place on U.S. exports. Trump has portrayed the effort as a means to “liberate” the country from dependence on foreign imports while shielding American industries from external competition.

“We can’t continue to be the dumping ground for the world’s goods. It’s time to stand up for America and American workers,” Trump stated in a recent interview.

While Trump’s tariff plans have drawn criticism from economists and trade experts, who warn of the potential for economic fallout and trade war escalation, the president remains firm in his belief that the move is necessary to save jobs and protect U.S. industries.

Many observers suggest crypto investors are strategically placing their bets ahead of the tariff decision, aiming to capitalize on the potential upside despite the uncertainty.