Cryptocurrency companies are facing significant challenges following US President Donald Trump's recent announcement of sweeping tariffs, which have caused stock prices to plummet and delayed IPO plans across multiple sectors. On April 2, Trump stated that tariffs of at least 10% would be imposed on nearly all imports to the US, exacerbating fears of an imminent trade war. Since this announcement, major stock indices, including the S&P 500 and Nasdaq, have fallen by around 10%. Coinbase, a significant player in the crypto market, saw its stock drop approximately 12%, while the CoinShares Crypto Miners ETF lost about 13% of its value. Notably, even high-performing companies like Strategy experienced a 6% decline in share price. Additionally, the uncertainty surrounding tariffs has led several firms, including the stablecoin issuer Circle, to reconsider or postpone planned IPOs. However, Bitcoin's spot price has remained resilient, holding above $82,000 amidst this market turbulence.

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