$BTC Bitcoin Price Sinks Amid Trump’s Tariffs: Rebound to $91K or Slump to $71K?

Bitcoin experienced sharp volatility following former President Donald Trump’s sweeping trade tariff announcement on April 2, triggering a broader market shake-up. The S&P 500 futures dropped over 2%, wiping out more than $2 trillion in value. Initially, Bitcoin spiked to $88,000 on rumors the tariffs might be delayed, but those gains quickly evaporated as the cryptocurrency fell to $82,000. As of April 3, BTC was hovering around $83,000, with the overall crypto market sliding over 4% in 24 hours. Major altcoins like Ethereum and Solana were hit even harder, each dropping more than 6% and touching multi-month lows.

Despite the volatility, some analysts believe the tariff announcement may actually clear a path forward. Valentin Fournier, Lead Analyst at BRN, suggested the reduced speculation could restore confidence among institutional investors. David Hernandez, Crypto Investment Specialist at 21Shares, echoed that sentiment, saying the slightly higher-than-expected tariff rates offered long-term clarity that could boost market participation.

Bitcoin ETFs responded positively, with BlackRock's fund leading $218 million in inflows on April 2—bouncing back from $157 million in outflows the previous day. However, Ethereum still faced resistance from investors, continuing to bleed capital and sitting 55% below its cycle high.

Whether BTC rebounds toward the $90K mark or sinks to the $71K level remains uncertain, but all eyes are on institutional behavior in the wake of renewed market clarity.

#CryptoTariffDrop #BitcoinVolatility