Bitcoin Slides Again, Nearly 2% Drop
Bitcoin’s price fell early this morning, slipping to just under $86,000.
Why the dip?
The slump follows a sharp uptick in global trade worries. President Donald Trump has rapped up tensions, pushing tariffs into a fresh sector—automotive parts.
- 28‑% tariff on auto imports, set to kick in on April 3.
- Trump plans to unveil reciprocal tariffs on farming and semiconductors.
- Retaliatory moves could branch into a larger trade war.
What it means for the markets
Next month will be a make‑or‑break moment. If the U.S. sidesteps a full‑blown trade war, markets could stop falling and peak, sparking rebounds for both crypto and the broader stock scene.
Where investors might see upside
Rather than panic, many are treating the slide as a buying opportunity:
- U.S. spot Bitcoin ETFs attracted almost $290 million last week.
- Open interest in CME futures plummeted nearly $1 billion.
- Crypto exchange reserves hit the lowest level since 2028—just 7.5 % of total supply.
- Retail holdings hit a monthly high: over 17.58 million BTC.
In short, if the trade heat flares up again, Bitcoin and its wider peers could bounce, especially with new buyers chomping at the edges.
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