Name: What's Bitcoin's new bottom after Trump's tariff bloodbath?
Uploaded: 2025-04-09T07:19:12+00:00
Duration: 6 min 10 s
Description: Bitcoin saw a sharp 8% correction, dropping from $83K to $75K, as global markets reacted to the escalating U.S. trade tariffs. The sell-off mirrored broader financial turmoil, with the S&P 500 down by

6 months ago

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Bitcoin saw a sharp 8% correction, dropping from $83K to $75K, as global markets reacted to the escalating U.S. trade tariffs. The sell-off mirrored broader financial turmoil, with the S&P 500 down by 6% and $8.2 trillion wiped from traditional markets. Although Bitcoin initially followed the movement of risk assets, it showed relative strength—declining less than Ethereum (-14.7%) and maintaining steady institutional demand through Bitcoin ETFs.

Key support level to watch is $76K—if this zone holds, it could signal consolidation; a breakdown, however, might push the price to test $70K. Analysts point out Bitcoin’s growing decoupling from stocks, and suggest it could see a 15% rally if it breaks above $92K. Historical patterns show this dip could be a "fake breakdown," similar to past dips that preceded major rebounds, offering a strategic entry for long-term investors. With macroeconomic uncertainty driving volatility, Bitcoin’s role as a hedge continues to evolve. Could this correction turn into a buying opportunity?

Stay tuned as the market develops.

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