US President Donald Trump has escalated the global trade war with yet another U-turn.
Posting on Truth Social, Trump walked back Friday’s announced tariff exemptions on electronics and semiconductors, insisting that no such provisions were ever confirmed. Instead, he clarified that these products will be reclassified and subjected to the so-called ‘Fentanyl tariff rate’ of 20%.
Crypto prices tumbled initially following Trump’s policy reversal but have bounced back since, successfully retesting key support levels.
Considering that macroeconomic factors indicate that the next crypto bull run is imminent, the dip could be one final opportunity for sidelined investors to buy assets at discounted prices.
Trump Makes Another U-Turn: How To Navigate The Trade War?
The Trump administration is rapidly losing credibility with global financial markets, as the President and senior officials continue to issue conflicting statements — not only contradicting each other, but at times themselves.
“Nobody is at the helm here. They have absolutely no idea what they are doing…”, prominent financial analyst The Long Investor wrote on X.
U.S. Customs and Border Protection unveiled the “Reciprocal Tariff Exclusion for Specified Products”, exempting smartphones, computers, semiconductors and other electronics from its reciprocal tariffs in a major relief for tech companies like Apple and NVIDIA.
The move was seen as a significant softening of Trump’s stance, given that nearly 23% of all U.S. imports from China—based on last year’s figures—would now be exempt from tariffs. Cryptocurrencies rallied sharply on Saturday, fueled by renewed optimism around market stability and clearer policy signals.
Bitcoin traded as high as $85,700, while altcoins like XRP, Solana, Sui, Dogwifhat and Popcat broke key resistance levels.
However, Trump made another about-face, now claiming that the previously mentioned electronics will be subject to the 20% ‘Fentanyl tariff’
Market uncertainty, as measured by the Economic Policy Uncertainty Index, reached its highest level since April 2020, while the 10-year treasury yield is back up above 4.5% in a major headache for the Trump administration.
Yet, crypto prices continue to show resilience, holding key support levels — lending further credibility to macroeconomic indicators suggesting that the bottom may already be in. Investors should simply avoid leverage and buy the dip for maximizing returns in the coming bull run.
Best Crypto To Buy Now As Prices Defy Tariff Uncertainty
The Bitcoin price flipped the $83,500 mark last week, a key resistance level. Crucially for the bulls, BTC defended this level over the weekend as a support despite the tariff uncertainty.
Bitcoin has also successfully retested its descending macro trendline, which it also breached last week. Simply put, a strong bullish continuation appears to be imminent for BTC, and the soaring global liquidity suggests that a new all-time high could come in May.
XRP is also among the best cryptos to buy now. The popular crypto asset has successfully held above the $2.04 support level, indicating significant bullish strength. A flip of the $2.38 and $2.83 resistance levels could pave the way for a new all-time high.
Among the mid-caps, Fartcoin and Popcat are grabbing the headlines. Both the popular Solana meme coins have displayed explosive relative strength during relief rallies, indicating their attractiveness. Smart money investors are betting on them to deliver outsized returns in the coming bull run.
Among the low-caps, Solaxy (SOLX) continues to establish itself as the hottest presale token on the market. It has now surpassed the $30 million mark in its ICO behind strong whale demand.
Solaxy is the first prominent Solana Layer-2 coin. The top Ethereum and Bitcoin L2s have multibillion-dollar valuations, suggesting that SOLX is still undervalued during its presale.
A growing number of popular crypto influencers are now calling it the next 10x crypto.
Similarly, BTC Bull (BTCBULL) is another low-cap investment in high demand, owing to its promise of free Bitcoin.
Unlike most new meme coins, BTC Bull has excellent long-term viability, considering it is based on Bitcoin’s long-term growth prospects. BTCBULL holders will earn massive BTC airdrops when the Bitcoin price hits certain set milestones.
This is besides the token burn events, BTCBULL airdrop and staking rewards.
Owing to its unique value proposition, experts are calling BTC Bull the next 100x crypto.
