How Bitcoin, Ethereum, and Altcoins Could Be Affected

The crypto market’s fate in 2026 hangs in the balance as US President Donald Trump’s tariff agenda remains uncertain. As several trade tax policies are set to be introduced next year, major cryptocurrencies like Bitcoin and Ethereum, as well as other altcoins, are poised to see increased volatility. With Trump tariffs taking the centre stage, experts are closely watching the president’s moves, speculating on their far-reaching implications.

Trump Tariffs to Hit Crypto Market in 2026

Earlier today, the Council on Foreign Relations shared an official post on social media, shedding light on the growing concerns surrounding Trump tariffs in 2026. Citing economics expert Benn Steil, the organization noted, “As we move into 2026, a major unknown for the global economy is how President Donald Trump’s tariff policies will evolve and what effects they will have.”

As the US government’s major tariff policies have significantly impacted the crypto market in 2025, sending crypto prices to severe lows despite other positive developments like ETF inflows, the industry is expecting a similar or even more severe effect in 2026. While multiple tariff levers are now lined up for 2026, experts believe that major players like Bitcoin and Ethereum are under increased risk.

Unveiling Potential Tariff Plans

Significantly, the potential trump tariffs pose notable risks to the crypto market in 2026. In 2025, the US imposed a 100% tariff on Chinese imports, but pushed it out later. As the US Supreme Court raised concerns over the trade deal, the government has also suspended the 24% reciprocal tax rate until November 10, 2026, marking a major Trump tariff restructuring.

The initial 100% Trump tariffs had a severe impact on the crypto market, and if reactivated in 2026, they could trigger major market turbulence. It could also lead to weaker market growth, higher inflation, and stricter financial conditions.

Meanwhile, if the president raises the across-the-board import tariff beyond the 10% baseline in 2025, as recently hinted, it could significantly affect the crypto prices. Also, there are speculations that the Trump tariffs are now targeting countries with digital services taxes. If such a move is initiated, it could lead to equity repricing and crypto sell-offs.

These estimations come hot on the heels of the US President’s recent statement, highlighting the potential benefits of Trump tariffs. He asserted that the tariffs resulted in stronger national security and economic performance.