Donald Trump’s New Tariffs Spark Market Turmoil: Bitcoin Crashed to $83K

President Donald Trump declared a national emergency and imposed new tariffs, escalating global trade tensions. The 10% tariff on all imports and higher levies on major trading partners triggered market uncertainty. China, the EU, and Japan face steeper tariffs of 34%, 20%, and 24%, respectively.

Global markets reacted sharply with stocks and crypto seeing high volatility. BTC was rallying and dropped 2.6%, while Ethereum fell 6%. Investors fear stricter crypto regulation, leading to further market instability if trading partners retaliate. However, some believe clarity on trade policies could attract institutional investors, stabilizing crypto prices in the long run. 

Trump’s Tariffs Shake the Global Market

Donald Trump announced new tariffs on imported goods. He imposed a 10% tariff on all countries. Some nations face even higher rates, including China (34%), the EU (20%), and Japan (24%). Speaking at the White House Rose Garden, Donald Trump said the U.S. was only charging what other countries already charge. He claimed the tariffs would protect American businesses and create fair trade. However, critics argue the move will increase inflation and hurt global economic growth.

🚨 @POTUS signs an Executive Order instituting reciprocal tariffs on countries throughout the world.

It's LIBERATION DAY in America! pic.twitter.com/p7UnfE617B

— Rapid Response 47 (@RapidResponse47) April 2, 2025

 

The global markets reacted immediately. The S&P 500 lost $2 trillion, erasing $125 billion per minute during the sell-off. The crypto market also faced heavy losses. Bitcoin, which was rallying, fell 2.6% to $82,876. Ethereum dropped 6%, and the total crypto market cap fell 5.3%.

The Crypto Fear & Greed Index hit 25, signaling extreme fear among investors. Analysts predict further declines if major economies retaliate. However, some experts believe clarity on trade policies could bring stability. Bitcoin price prediction suggest that if confidence returns, Bitcoin could recover to above $89 K. The market now watches for new crypto regulation and global responses.

Bitcoin Faces Resistance at $88,507.20

The trading session on April 2nd began with a death cross on the MACD, triggering a downward trend. The RSI indicator signaled an oversold condition at 6:10 UTC, leading Bitcoin to find support at $83,906.34. Shortly after, a golden cross appeared at 6:25 UTC, initiating an upward trend. At 9:10 UTC, an overbought RSI reading pushed the price to resistance at $85,453.34. The price remained in a trading range until another golden cross at 13:25 UTC, followed by an overbought RSI at 13:45 UTC, which led to a resistance breakout. 

Chart 1, analyzed by ShwetaCW, published on TradingView, April 3, 2025

The upward trend continued after another overbought situation at 15:40 UTC. However, a death cross at 16:00 UTC reversed momentum, pushing the price downward. At 19:35 UTC, a golden cross reappeared, leading to a price spike that hit new resistance at $88,507.20. A death cross at 22:30 UTC initiated another downward trend, breaking support as RSI remained oversold from 22:10 to 23:20 UTC. On April 3rd, Bitcoin found support at $82,180.18, but a death cross at 3:00 UTC signals a possible further drop. Bitcoin price prediction suggests that if the decline continues, it could test $82,183.80, while a reversal may push it past $89 K.

Trump’s Tariffs Shake Markets: Bitcoin Faces Uncertainty

Donald Trump’s Liberation Day Reciprocal Tariffs have shaken global markets, causing uncertainty. The crypto market saw sharp losses as investors reacted to the new trade policies. Analysts warn that retaliation from major economies could trigger further declines. However, some believe the market may stabilize if new crypto regulation provides clarity. In terms of Bitcoin price prediction, if the downtrend continues, BTC could break the $82,183.80 support. If sentiment improves, Bitcoin may recover to above $89 K. Investors now await global reactions and further policy changes, which could shape crypto’s future in this evolving economic landscape.