Bitcoin's price struggles under tariff-related anxiety, with a recent recovery attempt overshadowed by broader market volatility and cautious trading sentiment.
Bitcoin is currently trading around $83,500 after a 4.29% decline last week. The market remains tense ahead of the April 2 announcement of new U.S. trade tariffs, which may trigger significant market reactions. Despite the downturn, cryptocurrency exchange-traded products saw modest inflows of $226 million. Analysts note that the S&P 500 has also faced challenges, breaking below key support levels, while the U.S. Dollar Index trades negatively, indicating broader economic concerns.