Bitcoin Price Surge: Can $100K Be Reached After Trump’s Imminent Tariff Announcement?
Bitcoin Price Performance in 2025 – Bitcoin (BTC) continues to hover above $83,000 as investors await U.S. President Donald Trump‘s anticipated tariff announcement later this week, which could significantly impact global markets. At 11:27 p.m. ET on Monday, Bitcoin was trading at $83,172, up 1.8% in the past 24 hours. Ether (ETH) also saw a modest increase, gaining 1.74% to reach $1,837.
Crypto Market in ‘Wait-and-See’ Mode Ahead of Trump’s Announcement
The broader cryptocurrency market displayed slight gains across major coins, with XRP edging up 0.41% to $2.11, and Solana (SOL) rising 0.2% to $126.4. BNB, Dogecoin, and Cardano also posted minor gains. However, the market remains cautious as details about Trump’s tariff plans remain unclear. According to Min Jung, a research analyst at Presto, investors are in a “wait-and-see” mode, with many choosing to remain on the sidelines until further clarity emerges.
Trump’s announcement, expected on April 2, could introduce “massive tariffs” on foreign goods, potentially sparking a global trade war, The Guardian reported. While some investors view the recent price dip as a buying opportunity, others remain hesitant. The Bitcoin market’s next move will largely depend on the tone and specifics of Trump’s announcement.
Bitcoin’s Q1 Struggles and a Potential Recovery in Q2
Bitcoin had its worst Q1 performance since 2018, with a 11.82% decline during the first quarter of 2025. This marked a significant shift from the earlier bullish trend, which had been fueled by hopes of Trump’s pro-crypto policies. Despite Bitcoin’s brief peak above $108,000 in January, the imposition of tariffs on goods from Canada, Mexico, and China, coupled with rising inflation concerns, sent prices below $80,000.
However, analysts believe that the second quarter could bring a rebound. With expectations of a Federal Reserve rate cut and continued pro-crypto policies from the Trump administration, Bitcoin could test the $100,000 mark again, provided it can break past the $88,668 resistance level. Despite macroeconomic concerns, the market remains optimistic about the potential for recovery in the coming months.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
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