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Bitcoin Drops To $82,000 After Trump’s Tariff Announcement
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9/6/2025, 5:00:00 PM
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6/29/2025, 5:00:00 PM
By Eniekenemi Atoukudu - 4/4/2025, 9:43:32 AM
views 3718
Bitcoin saw significant volatility after President Donald Trump’s April 2 tariff announcement, briefly spiking to $88,000 before retreating to $82,000. By April 3, it settled near $83,000 as the broader crypto market fell over 4%. Key altcoins like Ethereum and Solana dropped more than 6%, reaching multi-month lows. Analysts believe the tariff move may ease uncertainty and attract institutional investors. Although interest rates came in higher than expected, experts suggest that greater policy clarity could help Bitcoin regain upward momentum toward the $90,000 mark. Bitcoin ETFs, led by BlackRock, saw $218 million in inflows on April 2, reversing previous outflows. Kraken’s Thomas Perfumo questioned the notion that institutional involvement brings stability, arguing that Bitcoin’s volatility reflects strong demand for a scarce asset. Some analysts called the sell-off an overreaction to trade policy fears, noting Bitcoin's durability as a store of value. With ETF demand remaining strong, Bitcoin’s price could stabilize and rise, though investors continue to watch trade developments and economic indicators closely.
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