Buckle Up, Crypto Fam! Trump's Tariff Bombshell Looms Large

Listen up, traders! The crypto and stock markets are on the edge of their seats, bracing for a wild ride as President Donald Trump gears up to drop his tariff announcement. Bitfinex's top guns are sounding the alarm, saying this could either send us skyrocketing in a relief rally or plunging into a deeper correction. Strap in, it's gonna be a bumpy ride!

Get this, Trump's about to unveil his so-called "Liberation Day" tariff plan at 4 p.m. ET, and it could shake up decades of trade relations with heavy hitters like China, Mexico, and Canada. The exact deets on the tariffs are still under wraps, but rumors are swirling about delayed 25% tariffs and fresh duties on hot commodities like lumber, copper, and microchips. Hold onto your hats, folks!

The uncertainty around these tariffs? It's got markets hanging in limbo, sweating bullets over what's coming next.

"Markets are already trying to wrap their heads around this event, but we're still in the dark about the nitty-gritty," Bitfinex's analysts spilled in a statement. You heard it here first!

Will It Be a Rally or a Rout?

According to Bitfinex, if Trump's announcement falls within the expected range of 12–20% tariffs and targets just a few countries, we might see a short-term party in the markets. Risk assets like stocks and Bitcoin (BTC) could pop off with a quick rally, especially if there's no immediate retaliation. Fingers crossed, right?

"This could play right into the 'buy the rumor, sell the news' game that we see with big, hyped-up macro events," the analysts dished. "Bitcoin, which has already taken a hit from its peak, could also get a boost from less uncertainty."

But hold your horses, because if the tariffs come in hotter than expected and hit a wide range of targets, or if Trump comes out swinging with some aggressive talk, Bitfinex is calling for a full-on de-risking party.

"We might see the downtrend we've been riding since February keep on rolling," the analysts warned. "Bitcoin's still tied to the hip with macro and equity indices, so it might follow stocks straight down."

Key Market Signals to Monitor

The analysts dropped some hot tips on what to keep an eye on after the announcement: Bitcoin's trading range, currently chilling between $78,000 and $88,000; spot ETF outflows as a pulse check on institutional confidence; and how equities, especially in tech and consumer sectors, are holding up. Oh, and altcoins might lag behind, which could send Bitcoin dominance through the roof.

"This announcement is the biggest deal of Q2, hands down," Bitfinex declared. "Expect the volatility to keep cranking for the next 24–48 hours."