As of April 4, 2025, Bitcoin (BTC) is trading at $83,006, showing a slight decrease of 0.92% over the past day.
The impact of new tariffs on the cryptocurrency market
The recent announcement by President Donald Trump regarding the imposition of new 10% tariffs on imports has caused turmoil in financial markets, which has also affected cryptocurrencies. Bitcoin dropped below $82,000, while shares of crypto companies like Coinbase and MicroStrategy fell by 10% and 8%, respectively.
Technical analysis: "Death Cross" on the horizon
Analysts warn of a possible formation on the Bitcoin chart of what is known as a "death cross" — a situation when the 50-day moving average crosses the 200-day moving average from top to bottom. This may signal a potential further decline in the price of BTC.
Forecasts remain optimistic
Despite current fluctuations, some experts remain optimistic. For example, analysts at Bitwise maintain a forecast that Bitcoin could reach $200,000 by the end of 2025.
Institutional initiatives and interest in Bitcoin
In March 2025, President Trump signed a decree to create a strategic reserve of Bitcoins, indicating recognition of cryptocurrency at the state level. Additionally, companies like GameStop are considering including Bitcoin in their treasury reserves to enhance their relevance in the market.
Overall, the Bitcoin market continues to respond to global economic events, demonstrating both volatility and long-term growth potential.
