Despite the tariffs imposed by Donald Trump, Bitcoin has remained relatively stable compared to the rest of the crypto market. BTC was able to hold the $80,000 level for a time.
Over the past 30 days, Bitcoin has not moved into the red. CoinMarketCap data shows a gain of about 1% — a solid result against the backdrop of broader market declines. For comparison, Ethereum (ETH) lost more than 15% during the same period.
"On April 3, something unusual happened: while global stock markets crashed, Bitcoin initially held firm and even climbed slightly amid the chaos. That moment of strength sparked optimism that Bitcoin might finally be decoupling from traditional risk assets."
Following Trump’s tariff announcement, Bitcoin proved more resilient than major stock market indices. Eneko Knörr, CEO and co-founder of Stabolut, told Cryptonews:
"The hope was short-lived — in the following days, Bitcoin followed equities downward, erasing gains and triggering a wave of sell-offs, falling below $75,000 during ‘Black Monday’ to levels not seen since November 2024." The outlook for Bitcoin remains uncertain. Some analysts believe the bull run has ended and a bear phase is beginning. Others remain cautiously optimistic despite the pressure from ongoing trade policies.
However, Bitcoin later lost the $80,000 level and fell to nearly $75,000. Knörr added:
"There’s an abundance of market uncertainty right now, much of it stemming from geopolitical tensions and the ripple effects of tariffs, which are weighing heavily on investor sentiment. The upcoming earnings season in public equities will be a real litmus test for risk appetite across markets, including crypto. If the results disappoint, we could see broader risk-off behavior that drags Bitcoin down in the short term."
Nick Bhachu, Senior VP at LDA Capital, believes that upcoming public earnings reports could put pressure on the Bitcoin price if results fall short of expectations: