Odaily News On April 2, the Trump administration announced a comprehensive reciprocal tariff policy in the hope of reversing a $1.2 trillion goods trade deficit. This move caused the S&P 500 index to plummet 9.7% in two days, evaporating $5.4 trillion in market value, the largest drop in history, surpassing the $3.3 trillion record during the pandemic crash in March 2020. Nasdaq 100 technology stocks were slaughtered, with a single-day drop that set a record since 2022. Bitcoin fell only 3.7% during the same period, holding the key support level of $82,000.
Analysts are confident about Bitcoin's upside potential in the rest of 2025, with Jamie Coutts, chief crypto analyst at Real Vision, saying that the growing money supply could push Bitcoin's price above $132,000 by the end of 2025. (Cointelegraph)