Crypto investors are bracing for volatility ahead of U.S. President Donald Trump's expected tariffs on 'Liberation Day,' April 2, which could significantly impact Bitcoin, Ethereum, and altcoins.
Bitcoin Ahead of 'Liberation Day'
Bitcoin's price has shown notable action in the past 24 hours, breaking above $85k before pulling back to $80k. However, its past week's performance indicates a bearish trend, which could be affected by Trump's announcement.
How Bitcoin Could React
Historically, crypto markets, including Bitcoin, have mirrored stock markets during periods of uncertainty. Should Trump's tariffs come into effect, a strengthened US dollar may see Bitcoin and altcoins decline.
Market Speculations and Expectations
If Trump's plans succeed, the US dollar could strengthen. However, increased selling pressure could see Bitcoin drop below $80k, driving out retail investors.
Much now hinges on Trump's actions: will his initiative boost the market or disappoint investors?
