Bitcoin Price Slips to $83K as Trump's Tariffs Rattle Global Markets
Portfolio Pulse from
President Trump announced sweeping tariffs on global imports, causing market-wide risk asset selloff. Bitcoin dropped 0.3% to $83,121.50, with cryptocurrencies experiencing mixed performance amid economic uncertainty. Investors are now watching U.S. nonfarm payroll data and potential Federal Reserve comments for economic signals.
April 04, 2025 | 9:00 am
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Bitcoin price dipped 0.3% due to broad market selloff triggered by Trump's aggressive tariff announcements, reflecting reduced risk appetite.
Macroeconomic tensions and potential recession fears are causing investors to reduce exposure to risk assets, directly impacting Bitcoin's price. The universal tariffs create economic uncertainty, pushing investors towards more conservative positions.
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