Global traders, including those in crypto, should brace for volatility as tariffs and inflation take center stage in shaping market trends, according to a new survey by JPMorgan Chase.

The survey’s findings indicated a significant rise in concern compared to the previous year when only 27% of respondents cited inflation as a major issue.

Tariffs To Stir Market Uncertainty, JP Morgan Survey Says

Over the past week, US President Donald Trump introduced a 25% tariff on imports from Mexico and Canada and a 10% tariff on goods from China, only to delay some of these measures shortly afterward.

“…We further agreed to immediately pause the anticipated tariffs for one month…,” Trump revealed in a post.

Before the pause, however, the tariffs had triggered significant market fluctuations, with stocks, currencies, and commodities all responding to policy announcements.

Against this backdrop, an annual survey featuring institutional trading clients from JPMorgan Chase revealed that 51% of traders believe inflation and tariffs will be the most influential factors in global markets for 2025.

The survey cites the back-and-forth nature of these policies, saying that it has led to sharp market movements. This engagement alludes to China’s move to announce a 10% tariff on US crude oil and agricultural machinery in response to US tariffs on all Chinese imports.

On the inflation front, traders view Trump’s tariff policies as inherently inflationary, pushing prices higher across multiple sectors. Additionally, fewer traders are worried about a potential recession. Only 7% of those surveyed cited it as a major concern compared to 18% in 2024.

The report also highlights changing market structures. It emphasizes that electronic trading is expected to expand across all asset classes, including emerging markets like crypto.

Volatility Remains a Core Concern

JPMorgan’s survey also identified market volatility among the challenges to watch in 2025. Specifically, 41% of respondents named it their primary concern, up from 28% in 2024. Unlike in previous years when volatility was expected around key scheduled events, traders are now experiencing sudden market swings driven by unpredictable political and economic news.

“What distinguishes this year is the somewhat unexpected timing of volatility. Unlike in the past, when volatility was tied to scheduled events like elections or nonfarm payroll data, we’re seeing more sudden fluctuations in response to news headlines around the administration’s plans, leading to knee-jerk reactions in the marketplace,” Reuters reported, citing Eddie Wen, global head of digital markets at JPMorgan.

Meanwhile, the broader financial markets are not the only ones reacting to Trump’s tariff policies. Bitcoin and the crypto sector have also felt the impact of these economic shifts. When Trump delayed tariffs on Canada and Mexico, the Coinbase Bitcoin premium index surged to a new 2025 high.

Likewise, the news triggered a rebound in Bitcoin prices. Traders interpreted the delay as a sign of potential economic stability. Additionally, when the US paused tariffs on Mexico, XRP saw a significant recovery. This highlights the direct influence of trade policies on the digital asset market.

However, China’s retaliation to Trump’s tariffs introduced fresh instability, further exacerbating market fluctuations.

“[Ethereum would fall] Back to 2200-2400 if China trade war is real,” crypto analyst Andrew Kang wrote.

Elsewhere, Glassnode highlighted the unusual nature of the current Bitcoin cycle. As BeInCrypto reported, the blockchain analytics firm noted how macroeconomic factors—including tariffs—play an outsized role. Unlike previous cycles that primarily followed internal crypto industry trends, the 2025 cycle could realize significant influence from global economic policies.

Solana-based meme coin dogwifhat (WIF) has experienced a sharp downturn over the past week. It has shed 33% of its value during that period and currently trades at a February 2024 low. 

On-chain and technical indicators confirm the weakening demand for the meme coin, suggesting its decline may continue in the short term.

WIF’s Declining Demand Signals Bearish Outlook

An assessment of the WIF/USD one-day chart reveals that the token’s On-Balance-Volume (OBV), a key indicator of buying and selling pressure, has continued to drop, reflecting diminishing demand for the meme coin. At press time, it is at -398.94 million, falling by 285% in just seven days. 

A falling OBV like this indicates that selling pressure outweighs buying pressure. It means more traders are offloading the asset than accumulating it.

When an asset’s OBV falls while its price declines, it reinforces bearish sentiment and the likelihood of further losses. This suggests weakening demand for WIF and signals a potential downtrend or continuation of its existing price drop.

Additionally, WIF’s open interest reinforces this bearish outlook. It has steadily declined since the start of February, plunging by 42%.

Open Interest refers to the total number of outstanding futures or options contracts that have not been settled. When it drops alongside an asset’s price decline, traders are closing their positions rather than opening new ones. This reflects weakening market participation and can signal that the downtrend may continue unless new interest emerges.

WIF Price Prediction: More Declines Ahead?

Readings from WIF’s Awesome Oscillator (AO) confirm the waning demand for the altcoin. This indicator posts red downward-facing histogram bars as of this writing, reflecting the high selling pressure. Its value is -0.60.

The Awesome Oscillator indicator measures market momentum by comparing the recent 5-period moving average to the longer 34-period moving average. When it posts red downward-facing histogram bars, it indicates weakening bullish momentum or strengthening bearish pressure, suggesting a potential continuation of a downtrend.

If WIF’s downtrend continues, its price could plunge to $0.55, representing a 30% decline from its current value.

However, if the meme coin sees a resurgence in demand, it could propel its price past the resistance at $0.92 and toward $1.89.

Key takeaways

• Standard Chartered predicts that Bitcoin’s price could hit $500k before Trump leaves office.
• Dogizen’s ICO has surpassed $4m and is now in its sixth stage. 

BTC to hit $500k in 2028: Standard Chartered

Bitcoin is trading close to $100,000 following its excellent performance last year. However, Standard Chartered’s Geoffrey Kendrick expects it to reach the $500,000 mark by the end of 2028, driven by improved investor access and a decline in long-term volatility.

According to the analyst, the current choppy market conditions might not hamper Bitcoin’s long-term outlook. Kendrick added that access to the crypto market is improving under Donald Trump, which could inject fresh capital into Bitcoin. 

What is Dogizen?

With Bitcoin expected to hit $500k in four years, altcoins could go on an even bigger run during that period. One altcoin that is building a strong community and use case is Dogizen.

Dogizen sets the record as the first Telegram ICO. This unique project allows investors to partake in the ICO via the Dogizen Telegram mini app. It is a tap-to-earn project that directly competes with Catizen, the popular cat-themed game on the Telegram app. 

According to their whitepaper, Dogizen will keep friends connected and together through Telegram. In the game,m players can collect Treatz (Dogizen coins), connect with friends through refurrals, fetch flights, and retrieve passport stamps as they explore new destinations. The team is currently working on map expansions and new mini-games. 

Dogizen ICO nears completion

According to the Dogizen website, the ICO ends in roughly 28 hours, after which the token will list on centralised and decentralised exchanges. As the first Telegram ICO, Dogizen is working to provide exclusive perks for players and seamless deployment for developers.

Its native $Treatz token will power various activities within the ecosystem. Users can spend their coins in multiple game worlds. Furthermore, with a large audience on an active game (over 1 million active players), Dogizen has already started delivering on its roadmap and is taking things to the next level. 

By building a strong community, Dogizen ensures its presale is a success. It will also leverage its community to ensure further roadmap progression is successful. In the second phase, Dogizen will unveil its launchpad, expand the Dogizen gaming arcade, and introduce the developer SDK. 

Dogizen’s ICO hits $4m

The Dogizen ICO is currently in its sixth stage and is set to end soon. The project has raised over $4 million from investors. According to the website, investors can purchase the $Treatz token using various cryptocurrencies, including Ether, USDC, USDT, BNB, and SOL. Dogizen also has a card option for those who wish to pay using fiat currencies. 

In the current stage, $Treatz is going for $0.000089 and is set to increase to $0.000094 in the next stage. Dogizen lets investors purchase the $Treatz token via the Dogizen Telegram mini-app. Simply access the Dogizen mini-app on Telegram, navigate to the buy menu, enter the amount, confirm the purchase, and complete the transaction. 

Is it too late to buy the $Treatz token?

No, it is not. The Dogizen ICO is still ongoing and represents an excellent opportunity for investors to invest early in the project. As the first Telegram ICO, Dogizen is working to expand beyond its current tap-to-earn feature. The developers are working to introduce the Dogizen launchpad, expand the gaming arcade, and launch the developer SDK.

Dogizen is a dog-themed memecoin that will offer various utilities to users. Its native $Treatz token could surge higher once it lists on exchanges and is used to power activities within the Dogizen ecosystem.