Bitcoin News: Investors Brace for Potential Drop Below $80,000 Amid Tariff Uncertainty

As the cryptocurrency market remains volatile, new data from Deribit options exchange indicates that investors are hedging their bets against a potential drop in Bitcoin’s price. With a significant number of put options set to expire on April 4, which coincides with former President Trump’s expected announcement on global reciprocal tariffs, the market sentiment appears to be shifting towards caution.

Options Point to Bitcoin Below $80,000 Bets

Deribit options exchange data reveals a significant number of put options with a $80,000 strike price expiring on April 4, coinciding with Trump’s expected announcement on global reciprocal tariffs. This indicates a rising need for downside protection as investors flock to put options, granting them the right to sell Bitcoin at a specified price. The risk-reversal spread for April 4 expiry is at its highest, further highlighting negative sentiment in the market. There is a clear bias towards put options, suggesting investors anticipate a potential price drop for Bitcoin.

Best Crypto To Buy As Bitcoin Drops To $82K: How To Beat The Dip

The weekend began with volatility in the crypto market due to poor economic data on Friday. Despite this, the crypto market is fundamentally poised for growth in April and beyond. The Federal Reserve plans multiple interest rate cuts this year, and the SEC is demystifying regulation with its new Crypto Task Force. There are enough catalysts in crypto and the wider macroeconomic sphere to potentially drive higher prices in the coming months.

Bitcoin (BTC) Dragged Down by U.S. Stock Market

Bitcoin (BTC) is currently trading at just under $82,000, while the S&P 500, 2% down on Friday, continues to decline due to uncertainty over Trump tariffs. market sentiment is low, with the Fear and Greed Index indicating ’Extreme Fear’ in traditional markets and ’Fear’ in the crypto market. The markets are uncertain about the future impact of Trump’s tariff strategy.

Trump Family Enters Bitcoin Mining Industry with Hut 8

The Trump family, through Eric Trump and Donald Trump Jr., has partnered with Hut 8 to launch American Bitcoin, a new entity focused on industrial-scale Bitcoin mining and strategic reserve development. Hut 8 holds an 80% stake in the company, with the remaining 20% controlled by a private investor consortium including Eric and Donald Trump Jr. The venture formalizes the Trump family’s continued investment in digital assets through equity, operational roles, and infrastructure alignment. The initiative emerged following Hut 8’s transfer of a substantial portion of its ASIC mining assets to American Data Centers Inc., which was subsequently renamed American Bitcoin.

Trump Family Enters Bitcoin Mining With New Venture, American Bitcoin

The Trump family is deepening its involvement in cryptocurrency with a major move into Bitcoin (BTC) mining, according to a Wall Street Journal report. Eric Trump and Donald Trump Jr. are merging their firm, American Data Centers, with a new mining venture called American Bitcoin, taking a 20% stake in the company. The remaining 80% will be owned by Hut 8, a publicly traded crypto infrastructure firm, which is contributing nearly 61,000 mining machines to the new entity. No cash changed hands in the deal. Eric Trump, who will serve as American Bitcoin’s chief strategy officer, describes the initiative as aligned with the family’s focus on hard assets, likening digital currencies to real estate. He emphasized plans to build a “bitcoin reserve”.