Trump Tariffs Send Shockwaves Through Crypto Markets: Bitcoin and XRP Prices in the Balance

US President Donald Trump has imposed new tariffs on 60 countries, affecting nearly all imports into the country. The move follows an investigation into whether US trading partners were preventing imports made with forced labor.

The tariffs kick in at midnight and hit almost everything coming into the country, with some places getting a 10% charge and others up to 12.5%. This has sparked concern among investors, who are worried about the potential impact on inflation and economic growth.

ChatGPT, an AI tool used for predicting crypto prices, has weighed in on the situation. It believes that Bitcoin's price could have three possible paths: a bullish target of $67,500 or $69,000 if investors view the tariffs as manageable; a bearish case of between $63,500 and $64,000 if investors treat the tariffs as a risk-off event; or a period of consolidation between $64,800 and $66,800.

For XRP, ChatGPT predicts that its price could reach between $1.16 and $1.20 if Bitcoin remains stable following the tariff announcement. However, it also warns that the bearish case could place XRP between $1.05 and $1.08 if tariffs trigger a broad crypto sell-off.