Uncertainty surrounding a potential global trade war is impacting both traditional and cryptocurrency markets, with investors bracing for tariff announcements from US President Donald Trump on April 2. This move could significantly impact Bitcoin’s price trajectory throughout the month. 2023 marks an escalation of tariffs introduced by Trump since his inauguration, with initial tariffs on Chinese goods announced in January. Global fears of increased tariffs have led to a rise in inflation concerns, prompting investors to reduce their appetite for risk assets. As a result, Bitcoin (BTC) has experienced a 18% decline and the S&P 500 (SPX) index has fallen over 7% since the initial tariff announcement, according to TradingView data. Analysts are closely watching April 2 as it could signal further US tariff announcements.