Trump's tariff uncertainty boosts BTC bears

Bitcoin drops below $82,000 on Monday after dropping 4.29% last week.

BTC's first-quarter return is -12.51%, fourth lowest since 2013.

At 600, 80% higher than during the 2008 Global Financial Crisis, the EPU index indicates significant market discomfort and risk-off attitude.

Bitcoin (BTC) fell 4.29% last week and is below $82,000 on Monday. BTC's first-quarter return is -12.51%, the fourth lowest since 2013. US Economic Policy Uncertainty (EPU) Index is 600, 80% greater than during the 2008 Global Financial Crisis, indicating significant market discomfort and risk-off attitude.

Bitcoin falls below $82,000 on Monday after losing 4.29% the week before. Risk-off sentiment and market anxiety rise ahead of US President Donald Trump's tariff deadline, or 'Liberation Day,' on Wednesday. The K33 Research and Kobeissi reports warn traders of heightened volatility.

The US Economic Policy ambiguity (EPU) Index chart below, which measures ambiguity in US economic policy since 1985, is above 600, 80% greater than during the 2008 Global Financial Crisis, signifying considerable market concern. High uncertainty generally precedes market instability, as demonstrated during the 2008 crisis and 2020 COVID-19 shutdown.

The Wall Street Journal (WSJ) reported on Monday that President Trump's administration is mulling “broader and higher tariffs” before Wednesday's reciprocal tariffs deadline.

Trump allegedly considers “an across-the-board hike of up to 20%.” According to a Kobeissi Letter post on X, tariff uncertainties will continue beyond Wednesday.

Coinglass Bitcoin Quarterly returns (%) data indicates BTC Q1 returns of -12.51%, the worst since 2018 and the fourth lowest since 2013.

According to the monthly return chart below, March has seen a 3.06% correction, but April's average and median returns are 12.98% and 5.04%, respectively, suggesting optimism.

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