Bitcoin price today: rises to $83k after bruising Q1 losses; Trump tariffs loom
Bitcoin recorded a slight gain on April 1, 2025, following the recovery of the broader financial market after losses in the first quarter of the year. However, market sentiment remained weak in the face of US President Donald Trump's plan to increase trade tariffs.
Bitcoin Price Today
According to data updated at 7:45 a.m. on April 1 (Vietnam time), Bitcoin was trading at $82,722/BTC, up 1.3% in the past 24 hours. The liquidity of this cryptocurrency reached more than $92.2 billion, up 47.1% from the previous day.
Q1 Performance and Outlook
Bitcoin lost about 11% of its value in the first quarter of 2025, down about 24% from its record high in January. The decline was attributed to profit-taking, disappointment over the Trump administration's crypto policies, and increased risk sentiment as the US President rolled out a new trade tariff program.
President Trump's Tariff Policy
President Donald Trump is expected to announce detailed plans for increased trade tariffs on key US partners on April 2. The move, aimed at imposing "reciprocal" tariffs on countries that impose high tariffs on US goods, could hit sectors such as automobiles, pharmaceuticals, and semiconductors.
Impact on Crypto Markets
Although the Trump administration has taken a pro-crypto stance, including appointing industry-friendly officials and establishing a strategic reserve from the government’s Bitcoin holdings, these policies have yet to provide significant support for crypto prices. Uncertainty over tariffs and their economic impact continues to weigh on investor sentiment in the crypto space.
Altcoins’ performance
Most major altcoins rose slightly in tandem with Bitcoin on April 1. Ethereum (ETH) rose 1.8% to $1,841.74, XRP rose 0.1% to $2.1035. Cardano (ADA) rose 1.7%, while Solana (SOL) and Polygon (MATIC) saw slight fluctuations. Among meme tokens, Dogecoin (DOGE) rose 2.5%.
Conclusion
While Bitcoin and the broader cryptocurrency market are attempting to recover from the losses of the first quarter, market sentiment remains fragile due to uncertainty over US tariff policies and their potential impact on the global economy. Investors should closely monitor policy developments and prepare for continued volatility in the cryptocurrency market.