Bitcoin experienced sharp fluctuations following President Donald Trump’s April 2 tariff announcement.
The cryptocurrency initially surged to $88,000 before dropping to $82,000.
By Thursday, it stabilised around $83,000. Meanwhile, the broader crypto market declined by more than 4%.
Major altcoins such as Ethereum and Solana fell over 6%, hitting their lowest levels in several months.
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Despite higher-than-expected rates, some experts believe that the added clarity could help Bitcoin build momentum toward $90,000.
Bitcoin ETFs recorded strong inflows, led by BlackRock’s fund, which attracted $218 million on April 2. This reversed previous outflows and signaled renewed institutional interest.
Kraken’s Thomas Perfumo challenged the idea that institutional participation stabilizes crypto. He said volatility often reflects demand for a scarce asset.
Some analysts viewed the sell-off as an overreaction to trade policy concerns. They pointed to Bitcoin’s continued resilience as a store of value.
With ETFs showing strong demand, Bitcoin’s price may find support and rise again. Still, market participants remain cautious, watching trade developments and economic signals closely.
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