Cryptocurrency markets continued their slide on Wednesday following President Trump threatening to impose 25% tariffs on the European Union.

Notable Statistics:Notable Developments:Top Gainers:Trader Notes: With prices retreating further lower, Master Kenobi wonders if Bitcoin could reach $80000 by mid-April, noting that altcoins might outperform slightly during this local bounce.

Cryptocurrency markets continued their slide on Wednesday despite a slight recovery in broader market sentiment.

President Trump threatened to place 25% tariffs on goods from the European Union in retaliation for what he said were unfair trade practices by the EU.

"The European Union has treated the U.S. very badly on trade over the years. They have a 25% tariff on our cars and 100% on motorcycles. We have none on their cars. Unbalanced!" Trump said in a post on social media platform Truth Social.

Trump added that he would make a decision later Wednesday on whether to proceed with the tariffs.

The threat of tariffs comes amid broader macroeconomic uncertainty, with the Federal Reserve expected to keep interest rates high for longer to combat inflation.

Bitcoin (BTC) slid further on Wednesday, extending its recent decline. The largest cryptocurrency by market capitalization fell as low as $80,000, a level that was last seen in March.

Bitcoin has been struggling to maintain its gains above the $90,000 level in recent weeks, and its price has been volatile amid macroeconomic headwinds.

Some traders believe that Bitcoin could reach the $80,000 level by mid-April, while others believe that altcoins might outperform slightly during this local bounce.

Bitcoin is approaching an oversold level, which could see it bottom around $80,000, potentially front running the widely expected $70,000 level.

Bitcoin remains in a correction with no confirmed low yet. The price is still below resistance, and a test of $82,900–$84,764 is possible, potentially after another resistance test.

Trader Notes:

Master Kenobi wonders if Bitcoin could reach 80K by mid-April, noting that altcoins might outperform slightly during this local bounce.

ShardiB2 believes Bitcoin is approaching an oversold level similar to a past instance, suggesting it could bottom around 80K, potentially back running the massively expected 70K.

More Crypto Online states that Bitcoin remains in a correction with no confirmed low yet. The price is still below resistance, and a test of 82,900–84,764 is possible, potentially after another resistance test.

WIZZ predicts either a bounce at 84K or a brief wick down to 67–68K which will be quickly bought. He expects a rapid recovery above 85–90K and maintains a cycle top target of 119–125K.