#TrumpTariffs How US tariffs influence Bitcoin and cryptocurrencies

1. Geopolitical volatility

The announcement of tariffs (e.g. 'Liberation Day' on April 2 and subsequent ones on steel, aluminum, EU, and electronics) caused drops of up to -8% in crypto and stocks, with BTC falling from > $100K to $74K–$76K.

2. Rebound effects

When tariffs were suspended for 90 days, BTC bounced back by +7%, recovering up to $83K.

3. Recent fluctuations

New tariff measures such as 50% on EU goods and Apple have brought Bitcoin below $108K, highlighting the market's sensitivity to geopolitical developments.

4. Risk-rally analysis

Analysts like Pav Hundal (Swyftx) warn: as long as the tariff cycle persists, BTC risks being stuck or falling below $100K; a US-China agreement could favor a rally towards $120K by June.