On the fateful day of April 4, 2025, China, the grand maestro of trade drama, decided to escalate the already flaming trade war with a 34% tariff on all US imports. A gesture that adds fuel to an already simmering cauldron between two economic giants—the US and China.
Within mere hours of the announcement, Bitcoin, ever the dramatic diva, plummeted by 3%, briefly dipping below the $82,000 mark. Investors, analysts, and crypto enthusiasts are now wringing their hands in collective concern, pondering the darker implications of this new development. Oh, the drama of it all! 
Bitcoin’s Nervous Breakdown: The Trade War Waltz
According to the illustrious Xinhua News Agency, China will commence its tariff on all US goods starting April 10. Xinhua didn’t hold back, declaring that the US’s “Reciprocal Tariff” was a clear violation of WTO rules—”a nasty little move,” if you will—that undermines the very principles of the multilateral trade system. How lovely!
“This is a classic act of unilateral hegemony, a threat to global stability,” said a spokesperson for China’s Ministry of Commerce, their words dripping with righteous indignation. A lawsuit against the US’s tariff was swiftly filed at the WTO. Ah, the drama never ends!
Let’s rewind the tape. Just a while ago, President Trump, in his own act of “tit for tat,” had slapped a 34% tariff on China, on top of an already-existing 20% tariff. Voilà! A total of 54% tariffs, because why not go big or go home, right?
It was clear: the news was a body blow to crypto investors. On that infamous April 4, Bitcoin slid from $84,600 to $82,000, a heart-wrenching 3% decline. 
As if that wasn’t enough of a spectacle, the Long/Short ratio of Bitcoin crumbled beneath 1, signaling a growing shift towards short-selling. The bear market was looming, and it wasn’t subtle about it. 
The market was reeling. The S&P 500, trembling in its boots, fell from 5,260 points to a meager 5,250, while the Dow Jones—oh dear, the poor Dow—dropped from 41,100 points to 40,500. China’s merciless tariff was raising the specter of a global trade war apocalypse. 
“The ‘Third World War’ of the trade war has begun,” noted The Kobeissi Letter with a hint of theatrical flair.
Bitcoin’s Fate: Will the Trade War Crash the Crypto Party?
Bitcoin, that rebellious cryptocurrency, has long been hailed as a safeguard against economic instability, yet in times of sudden uncertainty, it often behaves like the wild, unpredictable creature it truly is. Look at the past—during the US-China trade spat of 2018-2019, Bitcoin was no stranger to dramatic sell-offs as tariffs rose, only to recover when the world calmed down and “value preservation” became the new buzzword.
Did I mention that China’s grip on the global crypto hardware supply chain is a vice? Companies like Bitmain rule the roost in the production of ASIC mining machines—the sacred tools that fuel Bitcoin’s digital mining. So, when tariffs hit, the cost of these essential gadgets will surely rise. Bitcoin miners in the US, already burdened with sky-high energy prices, are now sweating over the prospect of even slimmer profits. 
But all hope is not lost for Bitcoin, not yet. Some analysts are quietly optimistic, suggesting that prolonged trade wars and economic instability could bolster Bitcoin’s appeal as a decentralized asset. After all, if the US dollar tumbles, what’s a savvy investor to do but flee to the refuge of crypto? Perhaps Bitcoin will be the phoenix rising from the ashes of economic chaos. 
“It’s not gold, and it’s not the yen. Bitcoin is becoming the go-to asset for risk-takers,” says Nexo Dispatch Editor Stella Zlatarev, who seems quite confident in her predictions. Not your typical safe haven, but hey, who said crypto had to play by the rules?
Indeed, history has shown that instability often leads to a price drop—only to give way to growth later on, once the dust settles. As more and more people turn to Bitcoin, the narrative of “value preservation” might just win out in the end. Keep an eye on the roller coaster—it’s far from over.
Read More
- ALEO PREDICTION. ALEO cryptocurrency
- Solo Leveling Season 2: Check Out The Release Date, Streaming Details, Expected Plot And More
- Who is Owen Cooper? All About Netflix’s Adolescence Star Taking Hollywood by Storm
- Solo Leveling Season 2 Release Schedule: How Many Episodes Are Left? Find Here as Ep 10 Eyes More Battles
- Minecraft Movie Tracking $60M+ Opening: But No One’s Buying Tickets?
- The First Berserker Khazan: Best Greatsword Build
- Wall Street’s ‘Fear Index’ Jumps Over 25%, Hitting Its Highest Level Since March 2023
- The Roots Unveil Roots Picnic 2025 Lineup
- 30 Best Couple/Wife Swap Movies You Need to See
- To Be Hero X: Everything You Need To Know About The Upcoming Anime
2025-04-04 16:07