The Trump administration unveiled a comprehensive reciprocal tariff policy on April 2nd, aimed at addressing the $1.2 trillion goods trade deficit. This move triggered a historic market response, including a 9.7% decline in the S&P 500 index over two days, wiping out $5.4 trillion in market value and surpassing the previous record of $3.3 trillion set during the March 2020 pandemic crash. The Nasdaq 100 also experienced significant losses, with a single-day drop setting a record since 2022. Conversely, Bitcoin’s decline was relatively limited to 3.7%, maintaining a crucial support level at $82,000. While analysts remain cautious about the short-term impact of these tariffs, some remain optimistic about Bitcoin’s long-term growth prospects, with experts predicting a price surge above $132,000 by year-end 2025.