After the slump caused by the US tariffs, the Crypto Assets market is starting to recover.

After US President Donald Trump announced the latest round of tariffs, the cryptocurrency market experienced a brief downturn and is currently steadily recovering.
Trump's imposition of tariffs on aluminum and steel has intensified the ongoing trade war, initially causing market distress. According to the Associated Press on February 9th, Trump announced that a 25% tariff will be imposed on all imported steel and aluminum. Additionally, he announced plans to impose reciprocal tariffs on countries that impose import taxes on American goods.
Trump insisted, 'If they charge us 130% and we don't charge them anything, then this situation will not continue.'
The cryptocurrency market experienced a brief sharp decline, with digital assets falling across the board. However, a steady recovery quickly followed.
According to CoinMarketCap data, Bitcoin once fell to $94,000, but has since rebounded to over $97,000. Similarly, Ether also fell to a low of $2,537 and has now recovered to $2,645, almost reaching the pre-announcement level.
According to CoinMarketCap's data, the total market value of Crypto Assets also reflects this volatility, initially falling from USD 3.15 trillion to USD 3.10 trillion, and then rebounding to USD 3.13 trillion.
Meanwhile, the Cryptocurrency Fear and Greed Index, which measures the market sentiment of Bitcoin and other crypto assets, has been in the "fear" zone for the past week, with an average score of 44 (out of 100). The latest update on February 10th shows a further drop in the index, from 46 the previous day to 43.
Trump also plans to impose additional tariffs on the European Union, targeting superconductors, oil, natural gas, steel, and copper.
Earlier, on February 1, he imposed a 25% tariff on major trading partners Canada and Mexico, while imposing a 10% tariff on China, causing a sharp decline in the stock and cryptocurrency markets. The estimated figures vary, but BT Co-founder and CEO Ben Zhou speculates that the total settlement amount may be between 8 billion and 10 billion US dollars.
However, after Trump suspended tariffs on Mexico and Canada for 30 days on February 3, the Crypto Assets market rebounded. Despite Trump temporarily suspending this measure, he did not rule out the possibility of resuming tariffs at the end of the suspension period.