Bitcoin ( BTC) Collapses to Intraday Low of $82,352 After Donald Trump Unveils New Tariffs

Bitcoin ( BTC) experienced a swift and pronounced decline hours after U.S. President Donald Trump unveiled new tariff measures, collapsing to an intraday floor of $82352

Bitcoin (BTC) price tumbled on Wednesday evening after U.S. President Donald Trump unveiled new tariff measures, sending the cryptocurrency down to an intraday low of $82,352 by 7:15 p.m. ET.

Traders rallied to try to stem the digital currency’s losses after it slid below the $83,000, a psychological support level, earlier in the day. BTC had hit highs above $88,000 earlier this week.

The cryptocurrency was still down 2.4% over the past 24 hours as of 7:15 p.m. ET. Trump’s “Liberation Day” remarks had sparked a 3.43% decline in the collective crypto market cap, which reached lows of $2.64 trillion. BTC slid 2.5%, while ether (ETH) lost more than 6% and solana (SOL) dropped 6.6%, indicating that altcoins were more sensitive to the market downturn.

Derivatives markets also saw massive liquidations, with $509 million in liquidations recorded over the past 24 hours, including $176 million in BTC liquidations, as 181,544 traders faced margin calls.

TradFi futures saw large moves in after-hours trading. Futures tied to the Dow Jones Industrial Average fell by 918 points. Broader U.S. equity futures also slid after Trump announced tariffs of over 10% on goods from several countries.

BTC was trading down at $82,352 at 7:15 p.m. ET. Its downward momentum and the breach of key technical levels indicated that more selling pressure was expected.

Gold, often seen as a safe-haven asset, rose slightly on Wednesday, opening at $3,134 per ounce and rising to $3,152 by evening, in contrast to the volatility in the crypto market.