PANews reported on April 3 that according to Bloomberg, after US President Trump imposed tariffs on US trading partners around the world, the prices of Bitcoin and other major cryptocurrencies fell, triggering a plunge in risky assets. On Thursday morning, Bitcoin fell 4% to about $82,000, and then narrowed its losses, while other tokens such as Ethereum and XRP also fell. Solana's value once shrank by more than 9%. John Wu, president of Ava Labs, said: "As risky assets, cryptocurrencies generally perform poorly in uncertain periods after news such as high interest rates or trade tariffs are announced." Ben Kurland, CEO of cryptocurrency research platform DYOR, said: "The market may fall in the short term, not because of the tariffs themselves, but because of what they represent: a return to policy-driven volatility. Traders hate unpredictability, and this indicates that more uncertainty is coming."
Meanwhile, gold hit a record high of nearly $3,160 an ounce on Thursday, highlighting its safe-haven status. Gold is one of the few commodities exempt from tariffs, according to a White House fact sheet. Digital asset enthusiasts often view Bitcoin as a similar safe haven for investors, but the original cryptocurrency has been vulnerable to periods of volatility over the past year. "The next big move depends on geopolitics, policy shifts, and whether traders view Bitcoin as a risk or a safe haven," said Rachael Lucas, a cryptocurrency analyst at BTC Markets. "For Bitcoin, $80,000 is a must-defend price."
