Main Takeaways:
- Bitcoin is continuously increasing, and at present, Bitcoin has increased by 1.8% today and is above $83000, while other Cryptocurrencies are mostly relatively stable.
- According to the reports, U.S. President Donald Trump is anticipated to make his “liberation day” duty declaration on Wednesday, while the other details remain unrevealed.
Late night Monday, the Bitcoin price remained above $83000 because U.S. President Donald Trump will announce his next tariff announcement and this announcement is expected to be announced later this week.
Bitcoin is the world’s largest cryptocurrency, and at present, it is trading at $83,172, up 1.8% in the last 24 hours preceding as of 11:27 p.m. ET on Monday, according to the reports. Ether (ETH) also increased by 1.74% and traded at $1,837.
According to the last day, there is an increase in the other major cryptocurrencies, even though not important. XRP increased by 0.41% to $2.11, and Solana increased by 0.2% to $126.4. BNB, Dogecoin and Cardano have also shown good upward movement.
Presto Research Analyst Min Jung has said that, at present, the market is in a wait-and-watch mode because the tariff details are not to be announced.
U.S. President Donald Trump is thinking of imposing several “massive tariffs” on April 2, also indicated as “Liberation Day”. The Guardian lately reported that due to the announcement of Trump’s “massive tariffs”, the trade partners may cause a chain reaction that will be a possible catalyst for a worldwide trade war.
Jung has said that this is the mixing of sentiments; few traders think that the impact may not be as great as in the past, seeing the present dip as a potential ‘buy the dip’ opportunity. However, many investors are trying to remain on the sidelines until there’s greater clarity. The upcoming direction of the market depends on the tone and substance of the current announcement.
BTC’s Worst Q1 Since 2018
The crypto gains started around Trump’s election last November, and it struck an obstacle after the U.S. President announced his “massive tariffs” would be introduced on foreign goods. Just like the stock market went down, crypto also faced a big downturn in the first quarter of 2025.
This is clearly against the holder’s anticipation; the holders are thinking that the Donald Trump administration’s pro-crypto policy efforts would extend the bull cycle throughout the first quarter.
According to the reports, after Bitcoin reached above $108,000 in January, it dropped to sub-$80,000 levels last month; this is because of the implementation of substantial “massive tariffs” on goods from China, Canada and Mexico. Moreover, the CPI ( Consumer Price Index Data) is higher than the expectations, which raised concerns about the Federal Reserve withholding interest rate cuts for a long period.
Bitcoin price dipped by 11.82% in the first quarter of 2025, according to Coinglass. This makes this the worst first-quarter achievement since the first quarter of 2018.
Disclaimer: We at Bitcoinik.com present you with the latest information in the crypto market. However, this information should not be regarded as financial advice, and viewers should consult their financial advisors before investing in glass
