According to Stock Talk (@stocktalkweekly), Elon Musk stated that Trump’s proposed tariffs are likely to cause a recession in the second half of 2025. This macroeconomic warning signals increased volatility for global markets, which historically correlates with higher trading activity and potential price swings in the cryptocurrency sector as investors seek alternative assets and hedges (source: Stock Talk, June 5, 2025). Crypto traders should monitor tariff developments closely, as policy changes could drive capital flows into Bitcoin, Ethereum, and other digital assets during periods of equity market stress.

According to Bobby Ong, April’s crypto market was heavily influenced by President Trump’s 'Liberation Day' tariffs, which initially triggered a significant downturn due to heightened trade policy uncertainty. However, a subsequent pause in tariff implementation allowed markets to recover, restoring investor confidence and increasing trading activity. This period of heightened volatility also saw a noticeable shift as traders moved capital into safe-haven assets like gold, highlighting an evolving risk management strategy within crypto portfolios. These developments underscore the importance of monitoring macroeconomic events for short-term trading opportunities in the crypto sector (Source: Bobby Ong, Twitter, May 10, 2025).