Odaily News On April 2, the Trump administration announced the implementation of a comprehensive reciprocal tariff policy, hoping to reverse the $1.2 trillion goods trade deficit. This move caused the S&P 500 Index to experience a big dump of 9.7% over two days, with a market capitalization evaporation of $5.4 trillion, setting a record for the largest drop in history, surpassing the $3.3 trillion record during the pandemic crash in March 2020. The Nasdaq 100 Index's tech stocks were severely hit, with a single-day drop reaching a record since 2022. Bitcoin's drop during the same period was only 3.7%, maintaining the key support level of $82,000.
Analysts are confident about Bitcoin's upside potential for the remainder of 2025. Jamie Coutts, the chief crypto analyst at Real Vision, stated that the growing money supply could push Bitcoin's price above $132,000 before the end of 2025. (Cointelegraph)
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SimpleGetRich
· 04-05 12:20
Odaily News On April 2, the Trump administration announced the implementation of a comprehensive reciprocal tariff policy, hoping to reverse the $1.2 trillion goods trade deficit. This move caused the S&P 500 index to experience a big dump of 9.7% over two days, with a market capitalization evaporating by $5.4 trillion, setting a record for the largest historical decline, surpassing the $3.3 trillion record during the pandemic crash in March 2020. The Nasdaq 100 index's tech stocks were severely hit, with daily declines setting records since 2022. Bitcoin's decline during the same period was only 3.7%, holding steady at the key support level of $82,000. Analysts are confident in Bitcoin's rise potential for the remaining time in 2025. Real Vision's chief encryption analyst Jamie Coutts stated that the continuously growing Money Supply may push Bitcoin's value before the end of 2025.
Analyst: Due to the continuous rise in Money Supply, BTC may be pushed up to $132,000 by the end of the year.
Odaily News On April 2, the Trump administration announced the implementation of a comprehensive reciprocal tariff policy, hoping to reverse the $1.2 trillion goods trade deficit. This move caused the S&P 500 Index to experience a big dump of 9.7% over two days, with a market capitalization evaporation of $5.4 trillion, setting a record for the largest drop in history, surpassing the $3.3 trillion record during the pandemic crash in March 2020. The Nasdaq 100 Index's tech stocks were severely hit, with a single-day drop reaching a record since 2022. Bitcoin's drop during the same period was only 3.7%, maintaining the key support level of $82,000. Analysts are confident about Bitcoin's upside potential for the remainder of 2025. Jamie Coutts, the chief crypto analyst at Real Vision, stated that the growing money supply could push Bitcoin's price above $132,000 before the end of 2025. (Cointelegraph)