#NasdaqETFUpdate Cryptocurrencies experienced significant declines following the announcement by former U.S. President Donald Trump regarding substantial reciprocal tariffs on April 2, 2025, which heightened market uncertainty and risk-off sentiment. Bitcoin fell by as much as 8.5% to around $82,000, while Ethereum dropped nearly 3% and Solana plummeted by more than 9% at one point. Analysts attributed this decline to reduced investor appetite for risky assets amid fears of volatility related to policies and potential recession risks in the United States, with forecasting markets indicating a 50% chance of economic contraction. Gold reached historic highs as a safe haven, sharply contrasting with the losses in cryptocurrencies. Experts warn of continued volatility unless Bitcoin regains key resistance levels like $91,000.