Timeline: How Trump tariffs dragged Bitcoin below $80K
Crypto investors welcomed Trump’s return to the White House, but after a record-breaking rally, tariff turmoil and global retaliation dragged Bitcoin below $80K.
Since US President Donald Trump’s inauguration on Jan. 20, Bitcoin (BTC) has swung from a record high of $109,000 to below $78,000 as major tariff announcements from the US and retaliatory moves from trade partners shaved off chunks of the market value of cryptocurrencies and rattled global markets.
“The back-and-forth on tariffs, with Trump sometimes tough and sometimes accommodating, has left markets in a limbo state, where few people are willing to be decidedly bullish but just as few are willing to part with their assets, fearing to be left on the sidelines at the next rally,” Justin d’Anethan, head of sales at Liquifi, told Cointelegraph.
By mid-March, investors began regaining confidence as White House messaging pointed to a more measured approach. But mixed signals remain, and with a second wave of “reciprocal tariffs” looming on April 2 — dubbed “Liberation Day” — market jitters haven’t fully subsided.
