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#CryptoTariffDrops #cryptotarriffdrop ❤️❤️❤️
.....BITCOIN PRICE DROP: WILL TRUMP’S TRADE TARIFFS PUSH BTC TO $71K, OR CAN A REBOUND ABOVE $91K ...SAVE THE MARKET WITH MARKET UNCERTAINTY AT ITS HIGHEST ?
Bitcoin’s price saw sharp movements following President Donald Trump’s announcement of sweeping tariffs on April 2, with analysts suggesting the market drop could present a buying opportunity. S&P 500 futures fell over 2%, erasing more than $2 trillion in market value, while Bitcoin initially surged to $88,000 amid rumors of a delay in tariffs before falling to $82,000. As of April 3, ....Bitcoin was trading at around $83,000, with the overall digital asset market down more than 4% in 24 hours. Major altcoins, including Ethereum and Solana, also saw declines of over 6% and remained at multi-month lows.
Despite this volatility, some analysts see the tariff announcement as removing uncertainty from the market. Valentin Fournier, Lead Analy#st at BRN, stated that with speculation now reduced, institutional investors could return, increasing buying pressure. David Hernandez, a Crypto Investment Specialist at 21Shares, noted that while the tariff rates were slightly higher than expected, the announcement provided much-needed clarity, which could encourage institutional investment. Both analysts pointed to Bitcoin’s potential to regain momentum and possibly approach $90,000.
Bitcoin exchange-traded funds (ETFs) reflected this sentiment, with the group led by BlackRock registering $218 million in inflows on April 2, following $157 million in net outflows the previous day. Ethereum, however, continued to see investor skepticism, with outflows persisting and its price remaining 55% below its cycle high.
#CryptoTariffDrop .....$BTC
BTC
83,877.8
+1.11%