According to CCData, the cryptocurrency market experienced a downturn following the announcement of tariffs by Trump, impacting trading strategies as traders assess the implications on market stability. Additionally, the Czech President's signing of a bill exempting long-held Bitcoin from capital gains tax may influence long-term investment strategies. Meanwhile, gold-backed cryptocurrencies are gaining attention as major banks increase their gold price forecasts, which could drive demand for these assets.

According to Santiment, the cryptocurrency market experienced an overreaction to Trump's tariffs early Monday, but quickly reversed later in the day. This reversal resulted in significant gains for assets such as Mantra (+23%), DeXe (+18%), Ethena & Staked Ethena (+17%), and Mantle. Traders who initially panicked by selling off their assets found themselves at a loss as the market corrected itself. This highlights the importance of staying informed and avoiding knee-jerk reactions in volatile markets.