As of April 9, 2025, Bitcoin (BTC) is trading at approximately $77,263, reflecting a decline of 1.87% from the previous close. The intraday high reached $80,848, while the low touched $76,700.
The recent downturn in Bitcoin's price is primarily attributed to escalating global trade tensions. President Donald Trump announced sweeping tariffs, including a 25% levy on imports from Canada and Mexico, and a 20% increase on Chinese goods. These measures have heightened economic uncertainties, leading investors to adopt a more risk-averse stance, which has negatively impacted the cryptocurrency market.
Analysts suggest that Bitcoin's price may continue to fluctuate in response to these geopolitical developments. Potential support levels are identified near $73,000, with resistance around $88,000. Market participants are advised to monitor these levels closely and stay informed on global economic policies that could influence market dynamics.
