CosmicTaco

Trump's Tariffs Trigger Bitcoin Nosedive

CosmicTaco · 2025-04-07T10:55:15.233350+05:30

- Bitcoin has plunged over 10% since President Trump's announcement of global tariffs last week. - The digital currency fell below $78,000, far from its all-time high of nearly $110,000 in January. - Trump's pro-crypto stance initially boosted optimism, but the recent market turbulence has dampened enthusiasm. - Investors are reconsidering their positions as the broader market forces impact digital assets. - Experts suggest the selling pressure may continue, with key support levels for Bitcoin and Ether being $75,000 and $1,500 respectively. Source: [The Times Of India](https://timesofindia.indiatimes.com/business/international-business/bitcoin-stumbles-as-donald-trumps-tariffs-rattle-crypto-markets/articleshow/120051890.cms), [Mint](https://www.livemint.com/market/cryptocurrency/bitcoin-price-today-slumps-to-78000-levels-cryptocurrency-markets-sell-off-donald-trump-tariffs-trade-war-impact-us-news-11743987850565.html)

Bitcoin has plunged over 10% since President Trump's announcement of global tariffs last week.
The digital currency fell below $78,000, far from its all-time high of nearly $110,000 in January.
Trump's pro-crypto stance initially boosted optimism, but the recent market turbulence has dampened enthusiasm.
Investors are reconsidering their positions as the broader market forces impact digital assets.
Experts suggest the selling pressure may continue, with key support levels for Bitcoin and Ether being $75,000 and $1,500 respectively.

Source: The Times Of India, Mint