{"id":113699,"date":"2025-04-16T13:49:40","date_gmt":"2025-04-16T09:49:40","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=113699"},"modified":"2025-04-16T13:49:43","modified_gmt":"2025-04-16T09:49:43","slug":"bitcoin-falls-as-tariff-turmoil-undermines-risk-appetite-altcoins-dive-sharply","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bitcoin-falls-as-tariff-turmoil-undermines-risk-appetite-altcoins-dive-sharply\/04\/16\/market-updates\/","title":{"rendered":"Bitcoin Falls as Tariff Turmoil Undermines Risk Appetite, Altcoins Dive Sharply"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><\/h3>\n\n\n\n<p><strong>Bitcoin fell on Wednesday<\/strong>, pulling back sharply from Tuesday\u2019s highs as <strong>growing uncertainty around U.S. trade policy<\/strong> under President <strong>Donald Trump<\/strong> spooked global markets and <strong>dampened demand for speculative assets<\/strong> like cryptocurrencies.<\/p>\n\n\n\n<p>As of <strong>01:20 ET (05:20 GMT)<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bitcoin (BTC)<\/strong> dropped <strong>2.5% to $83,409.40<\/strong>, retreating from <strong>above $86,000<\/strong> seen a day earlier<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">Tariff Uncertainty Fuels Market Jitters, Bitcoin Loses Shine<\/h3>\n\n\n\n<p>Investors are increasingly <strong>on edge<\/strong> as <strong>Trump\u2019s shifting trade rhetoric<\/strong> creates <strong>volatility across asset classes<\/strong>. While the president recently floated the idea of <strong>exempting foreign vehicles from tariffs<\/strong>, his administration has also:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Pursued new tariffs on semiconductors and pharmaceuticals<\/strong><\/li>\n\n\n\n<li><strong>Maintained a 145% cumulative tariff on Chinese goods<\/strong><\/li>\n\n\n\n<li>Prompted a <strong>125% retaliatory response from Beijing<\/strong><\/li>\n<\/ul>\n\n\n\n<p>This erratic approach has <strong>crushed risk appetite<\/strong>, and while Bitcoin is often seen as a <strong>hedge against geopolitical instability<\/strong>, its behavior this week <strong>suggests otherwise<\/strong>.<\/p>\n\n\n\n<p>Indeed, <strong>gold surged to a record high on Wednesday<\/strong>, highlighting the <strong>flight to traditional safety<\/strong> amid <strong>market confusion and tariff escalation<\/strong>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">China Mulls Crypto Disposal Rules as Seized Tokens Pile Up \u2013 <em>Reuters<\/em><\/h3>\n\n\n\n<p>In related developments, <strong>China is reportedly working on rules for managing seized cryptocurrencies<\/strong>, according to a <em>Reuters<\/em> report.<\/p>\n\n\n\n<p>Key highlights:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Crypto trading remains banned in mainland China<\/strong>, but enforcement actions have resulted in <strong>seizures worth an estimated $1.4 billion in Bitcoin<\/strong><\/li>\n\n\n\n<li>Authorities have <strong>relied on private firms<\/strong> to liquidate these assets \u2014 a temporary solution now under review<\/li>\n\n\n\n<li>Regulators and legal experts are calling for <strong>clearer oversight<\/strong>, and some speculate China could <strong>adopt a formal reserve strategy<\/strong> similar to <strong>Trump\u2019s proposed U.S. crypto reserve plan<\/strong><\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>If confirmed, China would rank among the <strong>top global crypto holders<\/strong>, adding a new layer of complexity to the global crypto landscape.<\/p>\n<\/blockquote>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">Altcoins Hit Harder Than Bitcoin<\/h3>\n\n\n\n<p>While Bitcoin\u2019s losses were notable, <strong>altcoins suffered even deeper declines<\/strong>, reflecting <strong>higher sensitivity to risk-off flows<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Ethereum (ETH)<\/strong>: -4.6% to <strong>$1,565.68<\/strong><\/li>\n\n\n\n<li><strong>XRP<\/strong>: -3.6% to <strong>$2.0706<\/strong><\/li>\n\n\n\n<li><strong>Solana (SOL)<\/strong>: -5%<\/li>\n\n\n\n<li><strong>Cardano (ADA)<\/strong>: -6%<\/li>\n\n\n\n<li><strong>Polygon (MATIC)<\/strong>: -2.2%<\/li>\n<\/ul>\n\n\n\n<p><strong>Meme tokens also declined<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Dogecoin (DOGE)<\/strong>: -4.5%<\/li>\n\n\n\n<li><strong>$TRUMP<\/strong> token: -3%<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">Outlook: Crypto Faces a Confidence Crisis<\/h3>\n\n\n\n<p>Bitcoin\u2019s failure to rally amid rising geopolitical stress and gold\u2019s historic surge <strong>raises questions about its safe-haven status<\/strong>. Meanwhile, <strong>altcoins are increasingly correlated with broader market risk<\/strong>, rather than offering diversification.<\/p>\n\n\n\n<p>With <strong>Trump\u2019s tariff plans still evolving<\/strong>, and <strong>crypto regulation emerging on multiple fronts<\/strong>, traders should brace for:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Continued volatility across digital assets<\/strong><\/li>\n\n\n\n<li>Possible <strong>policy-driven moves<\/strong>, especially from the U.S. and China<\/li>\n\n\n\n<li>A <strong>fragile macro backdrop<\/strong> that could further weigh on risk assets<\/li>\n<\/ul>\n\n\n\n<p>Unless Bitcoin can regain momentum above key levels (e.g., $86,000\u2013$88,000), <strong>the near-term tone remains bearish<\/strong>, especially if <strong>gold continues to attract safe-haven flows<\/strong> at crypto\u2019s expense.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin fell on Wednesday, pulling back sharply from Tuesday\u2019s highs as growing uncertainty around U.S. trade policy under President Donald Trump spooked global markets and dampened demand for speculative assets like cryptocurrencies. As of 01:20 ET (05:20 GMT): Bitcoin (BTC) dropped 2.5% to $83,409.40, retreating from above $86,000 seen a day earlier Tariff Uncertainty Fuels &hellip;<\/p>\n","protected":false},"author":9,"featured_media":105265,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,6827,49,39,36],"tags":[],"class_list":["post-113699","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-daily-economic-reports","category-economic-reports","category-global-stock-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113699","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=113699"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113699\/revisions"}],"predecessor-version":[{"id":113700,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113699\/revisions\/113700"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/105265"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=113699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=113699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=113699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}