Bitcoin Drops 1.36% as Trump Announces Tariffs

On April 3, the cryptocurrency market experienced a significant downturn, with Bitcoin (BTC) plummeting to $82,000 following President Donald Trump’s announcement of sweeping tariffs. This move sent shockwaves through financial markets, as Trump unveiled aggressive reciprocal tariffs during his ‘Liberation Day’ speech, calling them a long-overdue correction to trade imbalances. The measures included a 26% tariff on Indian imports, 20% on European Union goods, and 34% on Chinese exports, fueling fears of escalating global trade tensions.

Bitcoin's price dropped to $83,576.32, marking a 1.36% decline in the past 24 hours. The coin’s 24-hour trading range was between $82,182.32 and $88,466. Despite the overall market decline, Bitcoin’s market dominance rose slightly to 61.88%, up 0.11% from the previous day.

Ethereum (ETH) briefly dropped below $1,800 before recovering and reclaiming the level, trading at $1,822.16, down around 3%. The intraday low and high were $1,782.76 and $1,951.18, respectively. XRP also slipped below the $2 mark after Trump’s announcement, trading at $2.05, down 2%. In the past seven days, the coin has gone down around 14%. Solana (SOL) was down over 3% to trade at around $120, with an intraday low of $116.98 and a high of $135.70.

Among the top gainers, Raydium (RAY) led the list, surging 8.00% to trade at $1.87. EOS also posted significant gains, rising 5.66% to $0.8449. Story (IP) climbed 3.91%, reaching $4.44, despite some fluctuations. Tezos (XTZ) followed closely, gaining 3.70% to trade at $0.6732. Kaia (KAIA) rounded out the top gainers, posting a 2.53% increase to $0.1059, showing resilience in a bearish market.

On the losing side, OFFICIAL TRUMP (TRUMP) suffered the biggest drop, falling 9.97% in the last 24 hours to $9.31. The token faced heavy selling pressure, making it the worst performer of the day. Bonk (BONK) also struggled, sliding 9.25% to $0.00001122. Ethena (ENA) declined 7.56%, now trading at $0.3351. Cronos (CRO) saw a 7.25% drop, falling to $0.09936.

Cardano (ADA) experienced a decline, dropping by 3.00% to $0.6510. Chainlink (LINK) also saw a decrease, falling by 3.95% to $13.20. Bitcoin Cash (BCH) witnessed a slight decrease, dropping by 0.82% to $303.14. Cosmos (ATOM) saw an increase, rising by 1.81% to $4.43. Celestia (TIA) experienced a significant decrease, declining by 5.60% to $2.93. Bitcoin SV (BSV) decreased slightly, falling by 1.59% to $31.35. Decentraland (MANA) declined, dropping by 3.44% to $0.2415. Compound (COMP) saw a marginal increase, rising by 0.50% to $45.57. Chiliz (CHZ) experienced a decline, dropping by 3.94% to $0.04104. Dash (DASH) also saw a decrease, falling by 2.13% to $21.86. Basic Attention Token (BAT) witnessed a decline, dropping by 3.39% to $0.1327. Decred (DCR) experienced a decrease, falling by 1.66% to $11.03. DigiByte (DGB) saw a significant increase, climbing by 6.09% to $0.009149. BOOK OF MEME (BOME) experienced a decrease, declining by 3.26% to $0.001196. Dent (DENT) saw a decline, dropping by 4.82% to $0.0006667. Bitcoin Gold (BTG) saw an increase, climbing by 1.85% to $0.5283. BitShares (BTS) experienced a decrease, falling by 1.13% to $0.0009323. BytomDAO (BTM) saw a substantial decrease, dropping by 9.50% to $0.001508.