Following Odaily’s report on April 2, the Trump administration unveiled a reciprocal tariff strategy to tackle a $1.2 trillion trade deficit in goods. This move resulted in a 9.7% nosedive in the S&P 500 index within two days, erasing $5.4 trillion in market capitalization. This crash surpassed the previous record set during the March 2020 pandemic collapse. The Nasdaq 100 index, dominated by tech stocks, experienced a notable decline, with a single-day plummet not seen since 2022. Despite this turmoil, Bitcoin only dipped by 3.7%, holding firm at a critical support level of $82,000. Market analysts maintain a positive outlook on Bitcoin’s growth potential for the rest of 2025. According to Real Vision’s Chief Crypto Analyst, Jamie Coutts, the expanding money supply could propel Bitcoin’s price to exceed $132,000 by the year’s end.
The Stock Market Turmoil: What Happened?
The implementation of the comprehensive reciprocal tariff policy by the Trump administration triggered a significant downturn in the stock market. The S&P 500 index plummeted by 9.7% over two days, wiping out a staggering $5.4 trillion in market value. This crash shattered the previous record set during the March 2020 pandemic-induced market collapse, emphasizing the severity of the current situation.
Bitcoin’s Resilience Amidst Market Chaos
Despite the widespread market turmoil, Bitcoin demonstrated remarkable resilience, with only a modest 3.7% decline. The leading cryptocurrency managed to maintain a crucial support level at $82,000, indicating strong investor confidence in its long-term prospects.
The Future of Bitcoin: Analyst Predictions
Market analysts and experts remain optimistic about Bitcoin’s future growth trajectory throughout 2025. Real Vision’s Chief Crypto Analyst, Jamie Coutts, expressed confidence in Bitcoin’s potential to surge above $132,000 by the end of this year. Coutts highlighted the role of an expanding money supply in driving Bitcoin’s price to new heights, underlining the cryptocurrency’s attractiveness as a hedge against inflation and economic uncertainty.
Key Takeaways
- The Trump administration’s tariff policy led to a historic $5.4 trillion stock market crash.
- Bitcoin’s resilience was evident as it maintained stability around $82,000 amidst market turbulence.
- Analysts foresee Bitcoin’s price surpassing $132,000 by the end of 2025, driven by increasing money supply.
As the market continues to navigate through turbulent times, Bitcoin’s performance stands out as a beacon of stability and potential growth. Will Bitcoin’s price momentum persist, or are further challenges on the horizon? Share your thoughts below!
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