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International Business Times UK
International Business Times UK
Rohit David

Bitcoin Crashes Below $85K As Trump's 'Liberation Day' Tariffs Send Shockwaves

Bitcoin Donald Trump Liberation Day Crypto United States
Trump’s ‘Liberation Day’ tariffs on 2 April 2025 triggered a bitcoin crash below £66,929 ($88,000), wiping out £157M ($200M) in hours. Is this the end of the rally or a bump before a boom? (Credit: Photo by RDNE Stock Project : Pexels)

Bitcoin plummeted below £66,929 ($88,000) on 2 April 2025, as US President Donald Trump's 'Liberation Day' tariffs, unveiled in a dramatic White House Rose Garden speech, rattled global markets.

The crypto market shed over £157 million ($200 million) in hours, with traders reeling from the shockwaves of Trump's latest trade salvo. As of 3 April 2025, this tariff-driven chaos has sparked fears of a broader bitcoin price crash, despite earlier optimism tied to Trump's crypto-friendly stance.

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