The digital asset market is showing some resilience as President Donald Trump threatens to impose new tariffs on core trading partners globally.

Drawing on the potential impact of the latest update, the market is now displaying a mixed reaction to macroeconomic implications. As a result, Bitcoin is struggling to continue its growth, while the apex coin faces resistance to break $90,000.

Also, the latest move threatens to put the emerging bull market in jeopardy.

Bitcoin Price Stagnates as Tariffs Announced

Following the announcement that automobiles not produced in the United States will be slammed with heavy tariffs, the price of Bitcoin saw its growth stagnate.

The building trade tensions derailed its attempt to breach the $90,000 price mark.

The apex coin was trading slightly in the red on Wednesday morning, showing a minimal decrease of 0.93% over the past 24 hours, according to data from CoinMarketCap.

The latest threat of tariffs on foreign cars and auto parts, set to take effect on April 2, is stirring up uncertainty in the market.

Stock markets saw ridiculous corrections following the news. For example, The S&P 500 Index (INDEXSP: .INX) fell 1.1%, while the Nasdaq Composite (INDEXNASDAQ: .IXIC) dropped 2%. The Dow Jones Industrial Average (INDEXDJX: .DJI) was not spared either, falling 0.31% to 42,454.79.

Meanwhile, gold prices were remarkably high as investors moved toward safer assets. This reflects a larger risk-off sentiment in financial markets. The precious is up 1.2% to $3,053.91

President Trump’s latest tariff threats have increased uncertainty across global markets. If the European Union and Canada retaliate, the economic strain could deepen.

Also, this tariff war is bound to strengthen the greenback the more. A rising dollar often pressures digital asset prices as investors shift to these stable assets to avoid losing their funds.

Amid the growing concerns, traders are focused on the Personal Consumption Expenditure (PCE) data set for release on March 28, a key measure of inflation. The Federal Reserve’s stance on interest rates could shift depending on the report’s outcome, potentially impacting risk assets like cryptocurrencies.

Altcoins Display Mixed Movements

It is worth noting that alternative cryptocurrencies exhibited mixed movements in response to the latest developments.

Dogecoin price showed a gain of 1.8%, continuing its recent bullish rally following the tariff hike update. However, real-time CoinMarketCap data shows that the coin has dropped by 3% to $0.1954.

On the other hand, XRP price displayed a decrease of 4% to $2.36, making it one of the biggest losers among major cryptocurrencies.

Other major coins also joined the selloff trend. Ethereum dropped by 1.6% to $2.025, Solana lost 3% to $137.51, and Cardano declined by 1.9% to $0.7373.

Despite the current volatility, some analysts see positive signs from Asia. Institutional investors in the region continue to drive pro-crypto policies. New funds and financial products are emerging in key markets like Hong Kong and Singapore.

These developments could offset regulatory pressures in the US and support market recovery.