Bitcoin Plummets Below $83,000 Amidst Market Turmoil from Trump’s Tariff Announcement

On April 2nd, following U.S. President Trump’s executive order pertaining to the enforcement of reciprocal tariffs against international trading partners, the financial markets experienced significant volatility. By 6:35 p.m. Eastern Time, futures for the major indices—including the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite—plummeted by 2.43%, 3.6%, and a staggering 4.35%, respectively. The fallout spurred a rapid decline in crude oil futures, which fell over 2.5% during after-hours trading. In the cryptocurrency market, these broader economic uncertainties precipitated a notable downturn, with Bitcoin’s price sliding by more than 4.5% to fall below the $83,000 mark. This market reaction underscores the interconnectedness of traditional equities and digital assets, highlighting the crypto sector’s sensitivity to macroeconomic shifts.