JPMorgan’s survey reveals that 51% of traders consider tariffs and inflation as the top influences in global markets for 2025. This reflects a shift in trader sentiment as political climates change and external factors shape market dynamics.

Concerns about market volatility have escalated, with 41% of surveyed traders naming it as their primary issue. This is a significant increase compared to previous years, as unexpected political announcements contribute to market fluctuations.

The results indicate that Trump’s tariffs have direct implications for the crypto market, impacting Bitcoin and other digital assets dramatically. Traders are responding to these developments, reflecting a complex relationship between traditional markets and cryptocurrency.