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Coin Edition 2025-04-03 09:25:00

Trump Tariffs Shock Markets: Crypto Loses $100B, Bitcoin Price Unstable

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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