Bitcoin Holds Steady at $82K as Markets Reel from Trump's Tariffs

The cryptocurrency shows resilience against a $5.4 trillion equities wipeout, with analysts eyeing $76,500 as a critical support level for recovery.

Bitcoin's price has stabilized near $82,000 following a 5% drop triggered by President Trump's sweeping 'Liberation Day' tariffs.
The U.S. equities market suffered a $5.4 trillion loss, with the Nasdaq entering bear market territory, while Bitcoin outperformed, declining only 6% compared to the Nasdaq's 11% drop.
Analysts, including Arthur Hayes of BitMEX, have identified $76,500 as a pivotal price level for Bitcoin to maintain through April 15 to signal a potential recovery.
Institutional activity remains mixed, with Bitcoin ETFs seeing $165 million in net outflows this week, while Tether added 8,888 Bitcoins to its holdings in Q1 2025.
Bitcoin's resilience has bolstered its perception as a hedge against U.S. economic isolation, with some analysts maintaining long-term bullish price targets of up to $250,000 by year's end.