Bitcoin and Major Cryptocurrencies Experience Volatility Amid Trump’s Tariff Talks

The price of Bitcoin experienced a significant drop to a two-week low on Monday before bouncing back slightly. Major cryptocurrencies like Ethereum and Solana also fluctuated as investors brace for U.S. President Donald Trump’s impending announcement on steep tariffs.

Bitcoin edged up 1% to $83,465, while Ethereum rose 1.1% to around $1,840, and Solana climbed 1.4% to over $125. The price drop previously reached as low as $81,500 amid uncertainties regarding Trump’s trade policies.

Investors are particularly anxious as April 2 approaches, when Trump is scheduled to announce tariffs in a ceremony at the White House Rose Garden. Bitcoin’s price is currently down 23% from its record high of $108,800 set on January 20. The S&P 500 also fell into correction territory, dropping more than 10% from its peak earlier this year.

Despite the decline, some analysts suggest that the markets might have absorbed the brunt of Trump’s tariff threats, leading to speculation that Bitcoin’s price might have bottomed out. However, the unpredictability of Trump’s policies on tariffs keeps investors on edge.

Recent data shows that $195 million was allocated to Bitcoin investment products last week, indicating a cautious but positive investor sentiment. The Crypto Fear & Greed Index has improved from a value of 20 (Extreme Fear) to 34 (Fear), reflecting a potential shift in market sentiment.

Ethereum and many altcoins have suffered more significant losses than Bitcoin, with ETH dropping to a 17-month low of $1,784, marking a 16% decrease over the past month.

Gold, a traditional safe haven, has seen a surge, recently trading at around $3,153 per ounce, as investors seek stability amid market volatility. This quarter has been tumultuous for cryptocurrencies, with Bitcoin expected to finish down 11% from January, and Ethereum projected to decline by 45%.