Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

Date: 2025-04-03

Bitcoin (BTC) faces “very high risk” conditions from US trade tariffs, which could spark a slump to $71,000.In his latest analysis, Charles Edwards, the founder of quantitative Bitcoin and digital asset fund Capriole Investments, warned about the impact of “higher than expected” US trade tariffs.”Higher than expected” US tariffs pressure BitcoinBitcoin reacted noticeably worse than US stocks after President Donald Trump announced worldwide reciprocal trade tariffs on April 2.BTC/USD fell up to 8.5% on the day, while the S&P 500 managed to end the Wall Street trading session 0.7% higher.Edwards said that US business expectations are reflecting the type of uncertainty seen only three times since the turn of the millennium.“Consider this as ta...

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