BTC Price Soars Back to Older Highs as Broader Market Shakes Up Due to Tariff War Concerns

This happens as BTC price take a leap back to the older high levels from which it has dropped down. Massive losses have been recorded in the S&P 500

The broader financial market is shaking up due to concerns ignited by the tariff trade war. This happens as BTC price takes a leap back to the older high levels from which it has dropped down.

The broader financial market is shaking up due to concerns ignited by the tariff trade war. This happens as BTC price takes a leap back to the older high levels from which it has dropped down.

After President Donald Trump authorized a 90-day pause on tariffs in April 2025, trillions of dollars were lost from the S&P 500 due to the impact of the global tariff strain.

Despite the president’s authorization of a 90-day pause on tariffs, trillions of dollars were lost from the S&P 500 due to the impact of the global tariff strain.

However, this loss was quickly absorbed as investors are now focused on the delay in trade deals with American allies.

According to ‘The Kobeissi Letter,’ an industry-leading commentary platform, about $2.5 Trillion has been lost since President Trump announced the 90-day pause on tariffs with Japan and Mexico.

This loss was likely triggered by investors’ anxiety over delayed trade deals with American allies.

For instance, many expected Japan, a notable ally, to reach an agreement with the U.S. swiftly.

Nevertheless, Ryosei Akazawa, Japan’s negotiator, shocked the market by stating that they “will not just keep conceding” to the U.S. demands and terms. Akazawa maintains that it is not in Japan’s national interest to do so.

Besides Japan’s pushback, its Asian neighbors, China, have escalated their rhetoric.

Beijing has warned that any country that decides to cooperate with the U.S. to compromise its interests will face consequences.

That is, nations like Japan, a U.S. ally, might face retaliatory trade tariffs.

This further complicates the already tense situation, as it puts pressure on other countries to choose a side with either the U.S. or China.

The losses experienced in the global financial sector are a result of the obvious delays in sealing trade deals, which investors anticipated were imminent.

It is now day 12 since the 90-day pause began, and the expected deals have yet to be finalized.

This is causing the earlier rise in stock value to drop as the assets are quickly correcting, having jumped on unrealized assumptions.

Data shows that major tech stocks such as Microsoft, Apple, and Nvidia declined in value by between 2% and 9%.

This highlights the huge impact of the trade war uncertainties on the technology sector of the financial market.

This has raised worries mainly because big tech has driven much of the market gains in recent years. For instance, Nvidia has shed 15% within one week.

Meanwhile, other “Magnificent 7” stocks have dropped by 10%. The decline will likely continue unless actual trade deals happen.

If not, the market might continue its fall, given that the broader financial sector depends on these stocks to stay afloat.

Bitcoin and Gold Shine As Safe Havens

The current tensions and rising uncertainty have made Bitcoin and gold safe havens for investors.

However, with the U.S. dollar index (DXY) hitting a 52-week low, many investors are beginning to lose confidence in the currency.

Interestingly, gold and Bitcoin are recording a surge simultaneously. This development signals that traditional safe havens like bonds are losing favor among investors.

Notably, between April 7th and now, gold has increased in value by over 15% while Bitcoin has registered over 12% growth.

Eyes On $100K As BTC Price Resurfaces Above $90K

Digital assets could benefit from the absence of a trade deal with Japan, Mexico, and other countries.

Bitcoin, in particular, could rebound and retest the $100,000 psychological level, which it last traded at on February 3, 2025.

The leading digital asset has shown potential to soar to a new level, hitting $88,460.10 in earlier trading on April 21.

As of writing, BTC price has witnessed a slight correction and was trading at $91,441.14, representing a 5.25% increase in the last 24 hours.

Investors are also bullish, with trading volume up by 13.71% to $44.84 billion within the same time frame.

If current momentum lingers, it is a matter of “when” before Bitcoin retests the $100,000 price. Analysts have predicted that Bitcoin could reach $250,000 this year.