BTC Faces Short-Term Pressure Amid Trade Tariff Anxiety: Key Levels to Watch

On April 3rd, COINOTAG reported that former President Trump has enacted a 10% baseline tariff on all global goods, heightening tensions in international trade. This strategic decision has triggered significant volatility in cryptocurrency markets, with Bitcoin (BTC) experiencing a temporary decline to $82,000, representing a 4% drop. Other digital assets, including Ethereum (ETH), XRP, and Solana (SOL), also reflected similar downward trends, underlying investor anxiety regarding a potential global economic downturn. Analysts at Bitunix have pointed out that the current climate of heightened market risk aversion is exerting short-term pressure on risk assets. BTC currently sits at a critical support level of $82,000; a breach could see it testing the $78,000 mark. Conversely, a breakout above $84,500 might indicate a rebound towards $87,000. As the trade landscape evolves, investors are urged to maintain vigilance and capitalize on emerging market opportunities.