#CryptoTariffDrop
Conversation with Gemini
As of Wednesday, April 9, 2025 at 8:47 PM +06 (Bangladesh time), here's a summary of information regarding Bitcoin (BTC):
Current Price:
Approximately 9,336,558.51 Bangladeshi Taka (BDT) per Bitcoin.
Around $79,542.49 USD. Note that exchange rates fluctuate, so this USD price is an approximation based on the BDT value.
Bitcoin has been declining recently.
Down by about 4.21% in the last 24 hours against BDT.
Down by about 3.98% in the last week against BDT.
Down by about 10.30% in the last month against BDT.
Up by about 15.22% in the last year against BDT.
Market Capitalization:
Approximately 1.573 Trillion USD.
Recent News and Developments:
Impact of Tariffs: Recent news highlights the impact of US President Trump's tariff policies on global markets, including cryptocurrencies. Bitcoin and other altcoins experienced significant drops following these announcements. Some analysts suggest Bitcoin's safe-haven appeal might grow amidst trade war uncertainty.
Market Volatility: Bitcoin has experienced significant price volatility.
MicroStrategy: There's news regarding MicroStrategy's Bitcoin holdings and potential risks associated with their leveraged investment strategy.
Safe Haven Asset: Some analysts believe Bitcoin's role as a safe-haven asset is growing, especially compared to traditional assets during times of economic uncertainty.
Market Sentiment: Market sentiment has been described as being in the "extreme fear" zone recently.
Key Points from News Articles:
A significant drop in Bitcoin's price occurred following President Trump's tariff announcements.
Global stock markets also experienced a downturn.
Some analysts suggest Bitcoin's decoupling from traditional markets.
Predictions of potential Bitcoin price surges and further drops exist.
It's important to note that the cryptocurrency market is highly volatile, and the information above is subject to change.
Sources and related content
