FMP
Apr 01, 2025
Bitcoin (BTC) edged 1.3% higher on Tuesday, trading at $83,210.9, tracking a recovery in global markets after a bruising first quarter.
📉 Bitcoin's Q1 Performance:
Down 11% in Q1 2025.
24% drop from its January all-time high.
Weighed down by profit-taking, regulatory uncertainty, and risk-off sentiment linked to Trump's trade tariffs.
While broader cryptocurrencies also gained, sentiment remained fragile amid growing fears of U.S. recession risks and Trump's economic policies.
📌 Key Date: April 2 ("Liberation Day")
President Trump is set to announce new trade tariffs on semiconductors, pharmaceuticals, and commodities.
Analysts fear increased economic uncertainty, which could impact speculative assets like Bitcoin.
🛑 Bitcoin Has Underperformed Stocks
Bitcoin has lagged behind the S&P 500 and Nasdaq (IXIC) so far in 2025.
Market sentiment is bearish, with investors preferring safe-haven assets over riskier investments like crypto.
🔹 Trump's Sons to Take 20% Stake in American Bitcoin Mining
Eric Trump and Donald Trump Jr. will merge their firm with American Bitcoin, a mining operation controlled by Hut 8.
This follows Trump's previous support for crypto, including:
✔ World Liberty Financial (DeFi project)
✔ $TRUMP memecoin
✔ Pro-crypto SEC appointments
💡 However, Trump's Policies Haven't Boosted Crypto Prices
Trump proposed a strategic Bitcoin reserve from government holdings.
Despite his pro-crypto stance, market sentiment remains weak, and investors are skeptical about immediate benefits.
🔍 Monitor Crypto Market Data with These APIs:
Crypto Currency Free API
Stay updated on Bitcoin's real-time price, market trends, and trading volume.
Commodities API
Track how Trump's tariff policies on key commodities impact Bitcoin's role as a hedge.
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