Trump's Tariff Shocks Keep Bitcoin Below ₱4,217,962 ($70,000)

President Donald Trump has signed executive orders establishing a working group to propose crypto regulations, hosted summits, pardoned industry leaders, appointed pro-crypto officials to key government roles including SEC Chair Paul Atkins, and signed a stablecoin bill into law. The crypto industry poured ₱8.01 billion ($133 million) into the 2024 election to back him, according to researcher Molly White's tracking.

Marex analysts Samuel Leyne and Louis De Backer say Trump is generally seen as long-term bullish for Bitcoin due to his pro-crypto policies, but his economic and geopolitical decisions create volatility across all asset classes globally. Nansen Research Analyst Nicolai Søndergaard said surprise statements can influence how stable Bitcoin's price will be. Trump's escalating tariffs, which jumped from 2% in December 2024 to 25% on certain partners, and his demands on issues like Greenland have traders constantly repositioning.

Bitcoin has been trading between ₱3,916,679 ($65,000) and $70,000, with the crypto market losing nearly half its value since Bitcoin peaked in October 2024. Bitcoin ETFs pulled in ₱78.33 billion ($1.3 billion) during March 2025, their first positive inflows streak in four months according to DefiLlama data. CoinShares Head of Research James Butterfill projected Bitcoin could bounce back toward $80,000 if those inflows continue, speaking at the end of March. But Polymarket traders put the probability of Bitcoin falling to $55,000 at 74%.

FXTM Head of Market Research Lukman Otunuga said all eyes are on the upcoming US jobs report, while the Marex analysts said the payrolls data alone won't trigger a drop below $60,000. Only a second shock like Iran war escalation with an oil spike or a crypto liquidity event would drag the price lower, they wrote. The crypto market's total value now sits at ₱144.62 trillion ($2.4 trillion), roughly half what it was when Bitcoin hit its October 2024 record.