Trump Tariffs Shock Markets: Crypto Loses $100B, Bitcoin Price Unstable
- Crypto market cap drops $100B (3.3%) as Trump tariffs rattle global markets
- Analysts divided: Hayes eyes $76.5k support by Apr 15, Van de Poppe sees ATH trigger
- Bitcoin’s hedge narrative tested; short-term volatility likely amid uncertainty
The cryptocurrency market cap dropped 3.3%, falling from $2.88 trillion to $2.78 trillion, after U.S. President Trump imposed reciprocal tariffs on numerous nations, triggering volatility across global markets. With 185 countries reportedly affected and the S&P 500 losing an estimated $2 trillion rapidly, investors now are scrambling to find stability.
Crypto markets were also impacted, as Bitcoin dipped amid the uncertainty. Bitcoin briefly neared $88K before retreating below $82K. This raises questions about whether this represents a short-term shake-up or if Bitcoin could strengthen as a hedge against economic instability.
Analyst Divide: Correction or Breakout Trigger?
Trump’s new tariff actions spurred volatility across markets. Amidst this macro chaos, experts speculate on Bitcoin’s future trajectory.
BitMEX founder Arthur Hayes predicts more turbulence, seeing a crucial test ahead. “If $BTC can hold $76…
The post Trump Tariffs Shock Markets: Crypto Loses $100B, Bitcoin Price Unstable appeared first on Coin Edition.
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Bitcoin’s Trump Tariff Test: Down to $82k, Can $78k Support Endure?
Trump Tariffs Shock Markets: Crypto Loses $100B, Bitcoin Price Unstable
- Crypto market cap drops $100B (3.3%) as Trump tariffs rattle global markets
- Analysts divided: Hayes eyes $76.5k support by Apr 15, Van de Poppe sees ATH trigger
- Bitcoin’s hedge narrative tested; short-term volatility likely amid uncertainty
The cryptocurrency market cap dropped 3.3%, falling from $2.88 trillion to $2.78 trillion, after U.S. President Trump imposed reciprocal tariffs on numerous nations, triggering volatility across global markets. With 185 countries reportedly affected and the S&P 500 losing an estimated $2 trillion rapidly, investors now are scrambling to find stability.
Crypto markets were also impacted, as Bitcoin dipped amid the uncertainty. Bitcoin briefly neared $88K before retreating below $82K. This raises questions about whether this represents a short-term shake-up or if Bitcoin could strengthen as a hedge against economic instability.
Analyst Divide: Correction or Breakout Trigger?
Trump’s new tariff actions spurred volatility across markets. Amidst this macro chaos, experts speculate on Bitcoin’s future trajectory.
BitMEX founder Arthur Hayes predicts more turbulence, seeing a crucial test ahead. “If $BTC can hold $76…
The post Trump Tariffs Shock Markets: Crypto Loses $100B, Bitcoin Price Unstable appeared first on Coin Edition.
Read More