#BitcoinWithTariffs
The recent escalation of trade tensions between the U.S. and China, marked by the imposition of new tariffs by President Donald Trump, has significantly impacted the cryptocurrency market, particularly Bitcoin.
Immediate Market Reactions
The price of Bitcoin has experienced notable volatility in response to the developments regarding the tariffs. On April 9, 2025, Bitcoin fell by 4.8% to $76,137, coinciding with China's announcement of an 84% tariff on U.S. products in retaliation for the new tariffs imposed by the U.S. in early April. Other cryptocurrencies, such as Ethereum and Solana, also saw declines of 8.2% and 7.3%, respectively.
