Bitcoin’s (BTC) initial reaction to President Donald Trump’s trade war spooked cryptocurrency investors enough to seemingly disprove the digital gold thesis and place BTC firmly in the same box as other risk assets.
Specifically, Trump’s Liberation Day tariff announcement on April 2 triggered a massive BTC sell-off, which took the coin from $84,598 at the time, to a low of $75,004 on April 9. Though Bitcoin enjoyed a partial recovery after the reciprocal tariffs were subsequently paused for 90 days, its fate still appeared closely linked to the stock market.
The link was, however, broken on Easter weekend, as Bitcoin took an entirely different direction from the stock market, rallying to its press time of $88,927.
BTC 30-day price chart. Source: Finbold
The move simultaneously erased the losses from Liberation Day, effectively resetting BTC price and giving it renewed momentum about reclaiming highs above $90,000 and possibly breaching the psychologically critical $1
We współpracy z: https://finbold.com/trumps-tariffs-cant-hold-bitcoin-down-as-btc-price-soars/
