$BTC Bitcoin plunged following Trump’s April 2 tariff announcement, triggering broad market volatility. The S&P 500 futures dropped 2%, erasing $2 trillion in value. BTC briefly surged to $88K on rumors of a tariff delay but quickly fell to $82K, settling near $83K by April 3. The broader crypto market slid over 4%, with Ethereum and Solana each dropping over 6%. Despite the turmoil, analysts see potential upside. Valentin Fournier of BRN and 21Shares’ David Hernandez believe the tariffs provide long-term clarity that could restore institutional confidence. Bitcoin ETFs showed resilience, with BlackRock’s fund pulling in $218 million in inflows. Still, Ethereum continues to struggle. BTC’s next move—toward $91K or down to $71K—hinges on institutional response.

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