Trump Tariffs Spark Panic Selling – Crypto News – Crypto News
Connect with us
Trump Tariffs Spark Panic Selling Trump Tariffs Spark Panic Selling

Cryptocurrency

Trump Tariffs Spark Panic Selling – Crypto News

Published

4 hours ago

on

    Summary:

  • Bitcoin plunges below $77,000 as Trump tariff threats trigger panic selling. Discover key BTC support levels

Bitcoin (BTC/USD) plunged sharply on Monday, breaching the $77,000 support level for the first time since February, as global markets reacted violently to new Trump-era tariff threats. The move has reignited fears of macroeconomic instability, dragging major cryptocurrencies into the red and casting doubt on the short-term bullish BTC narrative ahead of the 2025 halving.

Why Bitcoin Is Crashing Today

The sharp selloff comes after former President Donald Trump proposed sweeping tariffs on Chinese and Mexican imports, reviving concerns about a global trade war. Markets swiftly priced in the potential economic fallout, with risk-on assets like Bitcoin, Ethereum, and U.S. tech stocks taking a hit.

While crypto is often pitched as a hedge against inflation and geopolitical tension, today’s action proves that Bitcoin remains deeply correlated with broader market sentiment—especially when liquidity risk and dollar strength rise simultaneously.

BTC/USD Technical Analysis: Support Hit, Eyes on $73K Next

The technical picture has turned bearish in the short term, with BTC/USD breaking decisively below the psychological $80,000 support and triggering a cascade of stop-losses. Let’s break down the chart:

Key BTC/USD Levels to Watch:

  • Immediate Resistance:
    • $81,285 – Previous horizontal support now turned resistance
    • $84,000 – Last week’s swing high and key level for bulls
  • Support Zones:
    • $73,746 – Crucial horizontal support from January
    • $66,273 – Psychological floor from late 2024
    • $61,337 – Major demand zone, also aligns with November breakout level
Bitcoin price today, April 7, 2025

Macro Outlook: Risk-Off Sentiment Could Stall Crypto Rally

With the Bitcoin halving just weeks away, the broader narrative remains bullish in the medium term. However, the immediate macroeconomic turbulence introduced by tariff fears could delay or even derail the next leg of the rally.

Key Macro Pressures:

  • Rising U.S. Treasury yields and a stronger dollar post-tariff announcement
  • Equity market volatility could reduce crypto demand from institutional desks
  • Mounting regulatory risk as policymakers respond to rising Bitcoin dominance

Is This a Buy-the-Dip Opportunity?

For long-term investors, this correction could present a strategic accumulation opportunity, especially as supply-side constraints from the halving begin to bite. However, short-term traders should be cautious:

  • Wait for a confirmed bounce above $81K before reentering long positions
  • Watch the $73K level closely – if it breaks, expect deeper downside toward $66K

Final Verdict: Bitcoin Price Dips Are Temporary in a Long-Term Bull Cycle

Today’s Bitcoin crash below $77,000 is a stark reminder of how fragile market sentiment can be when geopolitical risk and monetary tightening collide. While the Trump tariff narrative has rattled investors, the long-term thesis around BTC as digital gold and a post-halving scarcity asset remains intact.

That said, volatility is likely to remain elevated in the coming weeks, and traders should brace for more whiplash as markets digest the evolving macro landscape.

Related Topics:
Continue Reading

Trending