Bitcoin’s Price Surge Surges Past 2023 Levels Amidst Tariff Concerns

Bybit, the second-largest cryptocurrency exchange in trading volume, released a report on April 15, 2025, analyzing the impact of escalating tariffs under the Trump administration on the crypto derivatives market. The report highlighted how increased trade tensions triggered volatility and led to heightened bearish sentiment in Bitcoin (BTC) options contracts, surpassing levels seen during the 2023 U.S. banking crisis.