Tariffs have had a huge negative impact on the crypto market. Now, almost all major cryptocurrencies are falling this year, with some dropping by 50%.
However, if you focus only on the last 30 days, you’ll see another photo. Of the top 20 cryptocurrencies ranked by market capitalization, some of them actually post slightly positive returns. Also, if you take a peek outside the top 20, you will find over 30% of coins in the last 30 days. This is my top 3 picks.
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Bitcoin (Cryptography: BTC) The story has begun to change, down nearly 20% from its all-time high of $109,000 in January 2025. Towards April 2, Bitcoin appeared to be an even more casualty of new Trump tariffs. However, over the past 30 days, Bitcoin has risen by nearly 5%.
So, Bitcoin may have some lasting potential after all. Much of this sustainability can be attributed to the papers on “digital gold” investments. This states that Bitcoin could be a hedge against economic uncertainty, inflation and geopolitical risks, like physical gold. Bitcoin enthusiasts have said this for years, but it seems to be in the mainstream now.
Are you still skeptical? Let’s take a closer look at the flow of investors entering and leaving Bitcoin Exchange Trade Funds (ETFs). These became negative as investors fled all risky assets between February and March. However, in late April, these flows again became positive. Given the growing lack of trust in the US market, it is easy to understand why. Investors need a new place to spend money, and Bitcoin is emerging as a possible option.
Solana (Cryptography: Sol) Emerged as a major rival to Ethereum (Encryption: ETH)the world’s top layer blockchain network. Until recently, Ethereum had a clear advantage, but still warned Solana in terms of overall market capitalization.
However, Solana and Ethereum seem to be heading in the opposite direction. Ethereum is still down over 50% per year, falling nearly 20% over the past 30 days. In contrast, Solana has grown 5% over the past 30 days, steadily taking over the reverse losses since the beginning of the year.
A deep dive into blockchain metrics makes things look even better for Solana. At the beginning of the year, Solana broke through Ethereum in terms of 24-hour trading volume for decentralized cryptocurrency exchanges. Then in April, Solana broke through Ethereum in terms of market capitalization, a key metric for measuring user activity. Moreover, Solana currently accounts for almost half (46%) of all decentralized app revenue in the blockchain world.
The story continues
All of this is to say: Solana sees a surprising spike in blockchain activity amid this uncertainty of tariffs. In certain areas, they are beginning to eat Ethereum lunch. So, if you’re looking for a solid layer 1 blockchain network with many upside possibilities, it may be time to add Solana to your shopping list.
Finally, there are both sections (Code: Tao)which has emerged as the top AI (AI) cipher with a market capitalization of nearly $3 billion. It is currently ranked as the 33rd largest cryptocurrency in the world.
But what really exciting about Bittensor is that it has risen by a whopping 30% over the last 30 days. AI Investment Thesis is making a comeback and Bittensor is one way to play this trend. CoinMarketCap describes Bittensor as “an open source protocol that enhances decentralized, blockchain-based learning networks.” In short, bitenser is basically a blockchain for AI projects.
Image source: Getty Images.
Of course, the caveat here is that investors seem to indiscriminately push the prices of all AI cryptos without truly considering the key foundations. So when choosing AI Cryptos, you need to find one metric that will help you get through the noise.
For me, this metric is a supply of coins and can be easily found on sites like CoinMarketCap. The lower the number, the better. Bitenser has a maximum lifetime cycle of just 21 million coins. Crypto lovers will quickly recognize this number. This is the same number of coins as Bitcoin’s maximum lifespan supply. By comparison, other AI ciphers usually have a coin supply measured in billions.
Investors are trying to understand what the new normal will be like. That’s why the current situation is extremely frustrating – no one knows what the current tariff policy is. And even if they are, it could change tomorrow. What’s more, when every country tries to do its own business with the White House, things can really be confused once the 90-day “cool-off” period ends.
As a result, it is best to focus on the long-term outlook of crypto, rather than on the potential short-term benefits from tariff uncertainty. From my point of view, Bitcoin will be the only best code to buy in the wake of Trump’s latest tariff wave.
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Dominique Baslutt holds positions in Bitcoin, Ethereum and Solana. Motley Fool has Bitcoin, Ethereum and Solana positions and is recommended. Motley Fool recommends Bitenser. Motley Fools have a disclosure policy.
Three cryptocurrencies to buy in the wake of Trump’s latest tariffs
