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Bitcoin Stabilizes at $85K as Markets Brace for Trump's Tariff Announcement

Cryptocurrency markets recover slightly with cautious optimism ahead of President Trump's 'Liberation Day' tariffs, set to be unveiled later today.

President Donald Trump sits at his desk in the Oval Office.
A hand projects a scary shadow on the wall behind.
Coinbase shares fell 31% in the first quarter of the year.
U.S. President Donald Trump (Credit: Shutterstock/Evan El-Amin)

Overview

  • Bitcoin has stabilized near $85,000, recovering from recent lows, while Ethereum and other cryptocurrencies show modest gains.
  • The total cryptocurrency market capitalization has declined 17% in Q1 2025, with Bitcoin down 11% and Ethereum down 45%.
  • Investors remain cautious as President Donald Trump prepares to announce his 'Liberation Day' tariffs, which could significantly impact global markets.
  • Institutional interest in Bitcoin continues to provide stability, with long-term holders accumulating and whale wallet activity increasing.
  • Gold has surged as a preferred safe-haven asset, contrasting with cryptocurrencies, which are perceived as riskier investments during economic uncertainty.