#CryptoTariffDrop
..So, Bitcoin's been on a wild ride, right? Seems like those new trade tariffs Trump announced on April 2nd really shook things up. We saw some pretty crazy price swings. Some folks are even saying this dip might be a good time to buy in. The S&P 500 futures took a nosedive, losing over $2 trillion in value! Bitcoin? It jumped to $88,000 on rumors the tariffs might be delayed, then bam! Down to $82,000. As of April 3rd, it's hovering around $83,000. And the whole crypto market? Down over 4% in just 24 hours. Ethereum and Solana? They're down too, more than 6%, and still at those multi-month lows.
But, get this, some analysts are saying this tariff news actually helps by clearing up some of the uncertainty. Valentin Fournier over at BRN says with less guessing going on, big investors might jump back in and push prices up. David Hernandez from 21Shares agrees, saying even though the tariffs were a bit higher than expected, at least we know what's happening now, which could bring in more institutional money. They both think Bitcoin could bounce back, maybe even hit $90,000.
And get this, Bitcoin ETFs are showing some interesting activity. BlackRock's group saw $218 million in inflows on April 2nd, after losing $157 million the day before. Ethereum, though? Still seeing people pull their money out, and it's still way down, like 55% below its peak.
