Massive Bitcoin as Trump’s trade war, altcoin volatility causes retaliation: This week’s Crypto Summary

It was another big week in the cryptocurrency market, filled with remarkable development and large price movements driven by the global political action of US President Donald Trump.

More precisely, his trade war escalated this week. In what he called the “liberation day,” POTUS announced massive tariffs on many countries, including some of the country’s biggest partners. It is April 2nd and must be incorporated on April 5th.

Naturally, many countries and regions have decided to fight back by announcing their own tariffs. The latest one is China, which imposed a 34% retaliation tariff on all goods imported from the US earlier today.

These developments have resulted in significant volatility in all financial markets, including crypto. Bitcoin started Business Week by sliding its price to $81,200, but soon began regaining traction, surgening to just $88,000 on Wednesday amid reports that Trump would remove Elon Musk from his inner circle.

However, it was just hours ahead of the “liberation day” tariff announcement, and the BTC quickly overturned its trajectory. Within just a few hours, the cryptocurrency plunged by some grandeur, falling to $82,300. That rebound failed, and Bitcoin was dumped at $81,200 on Thursday.

Another failed recovery attempt occurred today when BTC approached $85,000, but then China’s retaliatory tariffs occurred. Bitcoin responded quickly to $81,600. Currently, we are struggling for under $83,000, down 2.5% per week.

There will be bigger week losses from some Altcoins led by Ton (-14%), Link (-11%), SIU (-12.5%) and Sol (-10%). ETH, ADA, BNB, and Doge are also red deep.

Market Data

Market Cap: $2.748T | 24 Hours Vol: $112bb | BTC Dominance: 59.8%

BTC: $82,720 (-4.5%) | ETH: $1,788 (-5.3%) | XRP: $2.1 (-4.2%)

Don’t miss this week’s crypto headings

Arthur Hayes predicts money to print bullish boom for bitcoin. As everyone focused on the trade war, several experts rushed to express their opinions on how these uncertain times will affect BTC and financial markets. Arthur Hayes outlines his positive forecasts, indicating that Bitcoin needs to maintain this level by US Tax Day (April 15th) and maintain the bull cycle structure.

According to Cryptoquant, here are the reasons why Ethereum (eth) continues to bleed:. Ethereum continues to suffer performance, with prices below $1,800 earlier this week. Cryptoquant has specified several reasons behind the ETH struggle, including a decrease in network activity.

Are Trump’s tariffs impacting cryptocurrency as expected? Santimento is getting heavier. Tariffs implemented by Trump and replicated in response by many other countries have an undeniable immediate impact on BTC and the crypto market. But what are the long-term effects? You can find it here.

After a large revenue report, the IPO Stablecoin publisher circle file. The more positive regulatory environment in the US has allowed Circle, the company behind the second largest Stablecoin, to file an initial public offering (IPO). This came after a strong revenue report from the company in the first quarter of 2025.

Metaplanet will increase Bitcoin Holding to 4,046 BTC with latest acquisition. Metaplanet does not appear to be out of global economic uncertainty following the example of Michael Saylor’s strategy, and continues to buy BTC frequently. Saylor’s company did the same this week.

Bitcoin, Ether, worst performance in 7 years. Despite high expectations in February and March, the first quarter of this year turned out to be the worst for the two biggest cryptocurrencies by market capitalization. BTC fell shyly at 12%, but ETH prices fell more than 45%.

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This week we have chart analysis for Ethereum, Ripple, Cardano, Sivaine and Solana. For a full price analysis, click here.