#BitcoinWithTariffs

In April 2025, trade tensions between the United States, China, and Europe significantly affected the cryptocurrency markets, including Bitcoin.

📉Bitcoin price fluctuations due to tariffs:-

1- Sharp decline in April: In early April, the price of Bitcoin dropped from around $86,000 to $74,000, influenced by the announcement of plans to impose a 25% tariff on Chinese imports by US President Donald Trump.

2- Partial recovery: By April 14, the leading cryptocurrency partially recovered, with the price of Bitcoin reaching around $85,000, indicating the beginning of a market recovery.

🏛️US government initiatives and their impact on Bitcoin :-

1- Establishment of a strategic reserve for Bitcoin: In March 2025, Trump issued an executive order to create a "strategic reserve for Bitcoin," aimed at using Bitcoin held by the US government as a reserve asset.

2- Proposal for a reserve of digital currencies: In March 2025, Trump proposed the establishment of a reserve of digital currencies that includes Bitcoin and other currencies such as Solana and Cardano, aimed at enhancing the United States' position as a global hub for digital currencies.