Bitcoin (BTC) News as of Tuesday, April 8, 2025 (Sarajevo time):

Price Action:

* Bitcoin is currently trading around $79,800 - $80,500, showing some recovery after a dip.

* Yesterday saw Bitcoin fall to a five-month low in the $74,000 - $77,000 range following President Trump's tariff announcements that shook global markets.

* Over the last 24 hours, Bitcoin's price has increased by around 2-4%.

* However, Bitcoin is still significantly below its all-time high of around $109,000 reached earlier this year.

* Some analysts predict further drops, with one expert suggesting a potential fall to as low as $10,000, while others remain optimistic about a substantial rise in the coming year.

$BTC #BTCvsMarkets Market Factors:

* Trump's Tariffs: New tariffs imposed by the U.S. on trading partners are a major factor causing market volatility and impacting Bitcoin's price. Initial reports of a potential tariff suspension were labeled "fake news," leading to a sharp price drop.

* Yuan Weakening: China has allowed its currency, the yuan, to weaken past a key level against the dollar amid the escalating trade war. Historically, a weaker yuan has sometimes led to Chinese capital flowing into Bitcoin as a hedge. However, China's current anti-crypto stance might make this more challenging than in the past.

* Market Sentiment: Despite the recent recovery, the overall mood remains cautious due to the uncertainty surrounding the trade situation.

* Liquidations: The recent price drop triggered significant liquidations in the cryptocurrency derivatives market, with hundreds of millions of dollars worth of positions being closed.

* Institutional Activity: El Salvador reportedly bought more Bitcoin during the recent dip.

* New Financial Products: Cboe will launch new Bitcoin futures contracts with FTSE Russell on April 28th.