Bloomberg: Trump's additional tariffs cause Bitcoin to fall along with risk assets

According to a report by PANews on April 3, following US President Trump's imposition of tariffs on global US trade partners, the prices of Bitcoin and other major cryptocurrencies fell, triggering a plunge in risky assets. On Thursday morning, Bitcoin briefly fell 4% to about $82,000 before narrowing its losses. Other tokens such as Ethereum and XRP also declined. The value of Solana shrank by more than 9% at one point.

John Wu, president of Ava Labs said: "As risky assets, cryptocurrencies usually perform poorly during uncertain periods after announcements like high interest rates or trade tariffs." Ben Kurland, CEO of cryptocurrency research platform DYOR stated: "The market may fall in the short term not because of the tariffs themselves but what they represent: a return to policy-driven volatility. Traders hate unpredictability which signals more uncertainty is coming."

Meanwhile gold hit a record new high on Thursday at nearly $3160 per ounce highlighting its safe-haven status. According to a White House fact sheet gold is one among few commodities exempted from tariffs. Digital asset enthusiasts often view Bitcoin as similar safe haven for investors but this original cryptocurrency has proven fragile during volatile times over the past year. Rachael Lucas an analyst with BTC Markets said: "The next big move depends on geopolitics policy shifts and whether traders see Bitcoin as risk or refuge For Bitcoin $80 000 is a price that must be defended."