Bitcoin’s Trump Tariff Test: Down to $82k, Can $78k Support Endure?
- Bitcoin pulls back toward $82k as Trump tariff news sparks market uncertainty
- Over $500M in crypto liquidations recorded; key BTC support eyed near $78k
- Fed Chair Powell speech (Apr 4) adds near-term risk amid tariff fallout
Bitcoin (BTC) experienced a sharp pullback to $82k following US President Donald Trump’s announcement of new trade tariffs. These cover a huge number of countries in the world, and their implementation will have all kinds of consequences on the trade and financial market, not just crypto.
Taking into account crypto’s already innate unpredictability, it’s no wonder why the Bitcoin price dropped, as the market’s reaction highlights growing investor concerns over macroeconomic shifts and their possible impact.
Trump’s proposed tariffs signal a more aggressive stance on global trade, which has historically created uncertainty in traditional financial markets. The ripple effect on Bitcoin and the broader crypto market suggests traders are shifting their positions in anticipation of economic changes that are bound to happen.
Key Support Eyed at $78k
Last week, Bitcoin’s price was hovering around $88k, but this drop raises ques…
The post Bitcoin’s Trump Tariff Test: Down to $82k, Can $78k Support Endure? appeared first on Coin Edition.
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Bitcoin’s Trump Tariff Test: Down to $82k, Can $78k Support Endure?
- Bitcoin pulls back toward $82k as Trump tariff news sparks market uncertainty
- Over $500M in crypto liquidations recorded; key BTC support eyed near $78k
- Fed Chair Powell speech (Apr 4) adds near-term risk amid tariff fallout
Bitcoin (BTC) experienced a sharp pullback to $82k following US President Donald Trump’s announcement of new trade tariffs. These cover a huge number of countries in the world, and their implementation will have all kinds of consequences on the trade and financial market, not just crypto.
Taking into account crypto’s already innate unpredictability, it’s no wonder why the Bitcoin price dropped, as the market’s reaction highlights growing investor concerns over macroeconomic shifts and their possible impact.
Trump’s proposed tariffs signal a more aggressive stance on global trade, which has historically created uncertainty in traditional financial markets. The ripple effect on Bitcoin and the broader crypto market suggests traders are shifting their positions in anticipation of economic changes that are bound to happen.
Key Support Eyed at $78k
Last week, Bitcoin’s price was hovering around $88k, but this drop raises ques…
The post Bitcoin’s Trump Tariff Test: Down to $82k, Can $78k Support Endure? appeared first on Coin Edition.
Read More
Asset Performance March 2025: Gold Rallied in March While Tech Stocks, Crypto Fell