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Cryptocurrency News Articles
Bitcoin (BTC) Price Plunges to $82,143 as Trump's Sweeping Tariffs Shake Global Markets
Apr 03, 2025 at 09:25 am
Bitcoin plunged as low as $82,143 on Wednesday as Trump's sweeping tariffs shook global markets. With multiple nations including India and the United Kingdom (UK)
President Donald Trump’s unveiled aggressive reciprocal tariff rates on multiple nations.
The new tariffs, which include a 26% “discounted reciprocal tariffs” on Indian imports, 20% on European Union goods, and 34% on Chinese exports, have ignited concerns about escalating global trade tensions.
As a result, safety trades are driving Gold (XAU) price to new all-time highs of $3,150, while Bitcoin price remains at risk.
Trump’s Tariffs Send Global Markets into Turmoil
Financial markets are in turmoil following President Donald Trump’s announcement of broad-ranging tariffs on several nations.
During his ‘Liberation Day’ speech at the White House on Tuesday, Trump revealed a new trade policy that imposes significant tariffs on major trading partners.
This move is intended to counter what Trump calls “unfair trade practices,” and it comes in response to pressure from both Democrats and Republicans to address the issue of trade imbalances.
Trump's administration has imposed tariffs on goods from China, India, the European Union, and other countries in recent years, sparking retaliatory measures and escalating tensions.
Key details from Trump’s tariff speech
In a highly charged speech at the White House, Trump highlighted the new trade policy, which imposes significant tariffs on major trading partners.
The key highlights include:
Trump particularly criticised India, citing its high tariffs on U.S. goods.
“India, very, very tough. Very, very tough. They charge us 52%. For years, we charged them almost nothing.
The Prime Minister just left. He’s a great friend of mine, but I said, ‘You are a friend of mine, but you are not treating us right”
The post Trump’s Tariffs Send Global Markets into Turmoil; BTC Price at Risk as Gold Hits Record Highs appeared first on Matrixport Blog.
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- As US Treasury yields hit 6-month lows, Bitcoin (BTC) price may be poised for a breakout
- Apr 04, 2025 at 05:25 am
- On April 3, yields on long-term US government debt fell to their lowest levels in six months as investors reacted to growing concerns over the global trade war and the weakening of the US dollar.
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- Bitcoin (BTC) is nearing a bearish “death cross” pattern as its price slides lower on news of U.S. President Donald Trump’s latest trade tariffs.
- Apr 04, 2025 at 05:20 am
- Bitcoin, the leading cryptocurrency by market capitalization, is currently trading right around $80000, having fallen about 5% in the past 24 hours.
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- Reports Suggest Elon Musk May Be Stepping Down From His Role at the United States' Department Of Government Efficiency (D.O.G.E)
- Apr 04, 2025 at 05:10 am
- Given Musk's impact on cryptocurrency meme coins – traders rightfully want to know how this will affect prices. This Dogecoin price prediction looks at where $DOGE could be headed
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- New Low-Cap Cryptos Solaxy and BTC Bull Token Continue to Attract Capital Inflows
- Apr 04, 2025 at 05:10 am
- Sellers remain in control of the XRP and Ethereum markets as both cryptocurrencies plunge this week. However, new low-cap cryptos such as Solaxy and BTC Bull Token continue to attract capital inflows.
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