PANews reported on April 5 that according to Cointelegraph, the Trump administration’s announcement of a comprehensive reciprocal tariff policy caused the S&P 500 index to plummet 9.7% in two days, and the market value evaporated by $5.4 trillion, the largest drop in history. The single-day decline of Nasdaq 100 index technology stocks set a record since 2022. However, Bitcoin fell only 3.7% during the same period, holding the key support level of $82,000. Industry insiders said that Bitcoin’s holding of the key support level of $82,000 proved that structural demand was not eroded by panic selling. The decline in Bitcoin prices after the tariff announcement was significantly smaller than that of traditional markets, proving that Bitcoin has become increasingly mature as a global asset, and the market may give crypto assets a new pricing logic. Jamie Coutts, chief crypto analyst at Real Vision, said that based on the M2 money supply growth model, BTC is expected to hit $132,000 this year.