Trump’s April 2 Tariffs: How Bitcoin and Crypto Markets Could React?
Trump's April 2 tariffs could significantly impact the crypto market, particularly Bitcoin. The tariffs, dubbed "Liberation Day" by Trump, aim to reduce the $1.2 trillion trade deficit in the US. If implemented aggressively, they could lead to a broader risk-off selloff, causing Bitcoin to plummet below $75,000 .
However, if Trump's administration decides to delay or narrow the scope of the tariffs, it could ease investor anxiety, potentially fueling a short-term recovery in crypto prices. Some experts believe that Bitcoin could rebound to around $88,000 in this scenario .
Possible Scenarios:
Aggressive Tariffs:Bitcoin drops below $75,000, with potential further decline due to increased uncertainty and risk-off sentiment .
Narrowed Tariffs: Bitcoin rebounds to around $88,000, driven by eased investor anxiety and improved market sentiment .
Delayed Tariffs:Markets may experience a relief rally, potentially boosting crypto prices, including Bitcoin .
It's essential to note that the crypto market is highly sensitive to macroeconomic signals, and Trump's tariff plans are just one of the many factors influencing investor behavior .$ETH #TrumpCrypto #tarrifs
