Crypto traders are currently in a state of caution as they await President Trump’s tariff announcement, unsure of how it will impact the market. Despite a downturn in the first quarter of 2025, experts believe that Bitcoin could potentially reach $100,000 if tariffs and policies stabilize. Bitcoin is currently holding steady above $84K as traders take a “wait-and-see” approach ahead of the anticipated tariff announcement.
The market is currently on edge as global markets prepare for potential turbulence that could result from the new tariffs. Traders are uncertain whether the tariffs will bring about increased volatility or if they will present new opportunities in the market. The announcement of new tariffs on April 2, referred to as “Liberation Day,” is expected to bring significant changes to U.S. trade relations, but the exact impact on the crypto market remains unclear.
Presto Research Analyst Min Jung mentioned that the market is currently in a “wait-and-see” mode as the specifics of the tariffs have not yet been disclosed. Some investors believe that the impact of the tariffs may not be as severe as initially feared and see the recent dip in the market as a potential buying opportunity. However, many traders are choosing to remain cautious and stay on the sidelines until there is greater clarity on the situation.
Bitcoin had a tumultuous first quarter in 2025, experiencing a sharp drop from over $108,000 in January to below $80,000 last month. This decline was influenced by the market’s response to Trump’s tariff announcements and global economic uncertainty. The market initially expected a bullish trend in early 2025 driven by Trump’s pro-crypto stance but the implementation of tariffs introduced unexpected volatility, dampening the bullish momentum. Bitcoin’s performance in Q1 2025 was the worst since 2018, with a drop of 11.82%.
Despite the recent downturn, experts remain positive about Bitcoin’s long-term prospects. The anticipated momentum from institutional adoption and pro-crypto policies from the current administration are seen as key drivers for Bitcoin’s future growth. Experts believe that Bitcoin could test the $100,000 mark in the coming months with a potential recovery in the second quarter of the year. However, the market’s reaction will depend on the specifics of the tariff announcement and investors are waiting for further clarity on the economic landscape before making significant moves in the market.
