#TrumpTariffs

1. Geopolitical volatility

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

2. Rebound effects

When the tariffs were suspended for 90 days, BTC rebounded by +7%, recovering to $83K.

3. Recent fluctuations

New tariff measures such as 50% on EU goods and Apple 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 staying stuck or falling below $100K; a US-China agreement could favor a rally towards $120K by June.