As the crypto market begins April with significant volatility, it faces uncertainty fueled by a challenging start to Q2. After the worst quarterly performance for BTC, ETH and the S&P 500 in three years, over $160 billion has been wiped out from the market capitalization since Friday. This comes as traders prepare for potentially disruptive changes: President Trump’s “Liberation Day” on April 2nd, featuring his announcement of new tariffs, is adding pressure to the markets, especially with consumer confidence at 12-year lows and equities already suffering a 4-5% weekly decline. QCP Broadcast warns that these tariffs could exacerbate recession fears and potentially push risk assets downwards.