Bitcoin Plummets Under Trump’s Tariff Threat: Will $78k Hold?

Following President Donald Trump’s announcement of new tariffs affecting a vast array of countries, Bitcoin (BTC) has experienced a significant drop to the $82,000 level. Market uncertainty surges as over $500 million in crypto liquidations are recorded, with traders eyeing support near $78k. Fed Chair Powell’s speech on April 4th adds potential short-term volatility amid the tariff fallout. The unpredictable nature of Bitcoin’s market reacts to this news, highlighting growing investor concerns about broader macroeconomic shifts and their impact on crypto assets.