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Bitcoin Hits New April Peaks Ahead of US Tariff Announcements

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by Giorgi Kostiuk

21 hours ago

Bitcoin reached new highs on April 2 amid US 'Liberation Day' expectations, as markets brace for potential changes due to new US tariffs.

Bitcoin Teases Breakout

BTC/USD reached $86,444 on Bitstamp, marking the best performance since March 28. Volatility persisted as US President Donald Trump prepared to announce new trade tariffs, yet Bitcoin managed to recover lost ground.

Analysis Warns of Potential $76,000 Return

QCP Capital notes that risk assets may remain under pressure following the tariff announcement. While Bitcoin shows moderate activity, altcoins are facing significant losses. Major changes are not expected without macroeconomic support.

Without a material shift in macro, we don't expect a meaningful reversal.None

Tariff Impact and Expert Predictions

Previous tariff moves frequently led to BTC price drops. However, companies like Swissblock remain hopeful that Bitcoin might withstand traditional finance adjustments, even if prices drop to $76,000.

Bitcoin's outlook remains uncertain amid economic shifts and potential tariffs. While some experts express concerns, others remain hopeful for BTC stability.

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