Massive Bitcoin Drop Triggers Panic After Surprise Whale Move and Trump’s Tariff Bombshell

Bitcoin suffered an abrupt downfall from its positive trend, reaching $83,529.56 after a 1.81 percent decrease in a single day. The sudden market downturn occurred right after Bitcoin achieved $87,892, following a recent peak.

Bitcoin experienced a rapid downward shift following a substantial Binance to unknown wallet whale deal that moved $90 million worth of 1,050 BTC. High volatility within the market caused large holders to choose cold storage wallets after completing more than 220 transactions in the wallet.

The primary transfer of Bitcoin from exchanges reflected investor trust because it decreased the amount of Bitcoin available on trading platforms. The time of this move creates market uncertainties because major government policy changes in the United States produce widespread market reactions.

Also Read: Bitcoin, Ethereum and Solana Slide as Trump’s Tariff Announcement Sparks Global Market Selloff

Trump’s Tariff Policy Sends Shockwaves Through Global and Crypto Markets

President Donald Trump implemented dramatic reciprocal trade tariffs as part of his presidential campaign pledge. On April 5, countries with trade surpluses with the US faced drastic export tariffs imposed by the administration.

The export tariffs against Cambodia amount to 49 percent, while Vietnam faces 46 percent, Laos stands at 48 percent, and Myanmar receives 44 percent. China’s 67 percent export tax on US products will transform into a 34 percent export duty to the United States. The new Indian exports face a tax levy of 26 percent from the United States.

Unanticipated measures triggered concerns about deteriorating trade relationships, which threatened economic instability. The market overreacted to the announcement, both traditional and digital.

The Bitcoin trading market volume exploded to $53.27 billion after an 88 percent increase in a single day, thus triggering market changes at breakneck speed. The market’s guarded attitude receives additional support because of the decrease in current market capitalization of $1.65 trillion.

Traders anticipate extended market volatility because major Bitcoin holders have started their movements while global tensions intensify.

Also Read: Pi Coin Slips to $0.63 as Bearish Momentum Deepens

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