Bitcoin and Stocks Tumble as Trump’s Tariffs Spark Market Uncertainty

Global markets experienced a significant downturn on April 2nd, 2025, following President Trump’s announcement of broad tariffs. Bitcoin saw its price plummet by almost 6%, mirroring the declines in U.S. stock indices which witnessed the largest losses since the start of the year. Analysts observed a strong correlation between crypto and traditional equities, raising concerns about the growing interdependence between these markets.