Bitcoin News: Trump’s Tariff Chatter Boosts Bitcoin and Crypto Markets Amid Optimism for Softer Policies

In a surprising turn of events, President Trump’s tariff chatter has invigorated the cryptocurrency market, with Bitcoin leading the charge. Here’s what you need to know.

Trump ’Liberation Day’ Tariff Chatter Boosts Bitcoin, Crypto Markets

Major cryptos rose on Tuesday amid Optimism that tariffs imposed by U.S. President Donald Trump on his ’Liberation Day’ Wednesday would be less severe than anticipated. Bitcoin’s price traded at about $84,900, a more than 2.5% gain over the past 24 hours, according to CoinGecko. Traders are buzzing over Trump’s tariff chatter and are leaning towards the hint that there will be softer policies than expected. However, analysts remain wary about a potential trade war’s impact on markets.

Bitcoin News: Futures See $7.4B Exit as Market Resets

Bitcoin experienced a significant cooling off after reaching a six-figure high. Over the past week, the total open interest in Bitcoin futures dropped by $7.4 billion, indicating closing positions or liquidations. Despite this dip, funding rates remained firm, and sentiment remained positive. Bulls are anticipated to circle for the next rebound as leverage resets and the price stabilizes.

Publicly Traded Bitcoin Miners Experience Worst Month Ever

According to investment bank JP Morgan, 14 top publicly traded Bitcoin miners, including MARA and Core Scientific, collectively lost 25% or about $6 billion of their market cap in March. This marks the worst month on record for these miners. Analysts noted that companies with high-powered computing exposure underperformed pure-play miners for the second consecutive month. Some miners have diversified into the AI data center industry to increase earnings.

Crypto April Fools’ 2025: Greenland Acquisition, SBF Keynote, and Bitcoin’s Great Poker Restoration

April Fools’ Day in the crypto industry is more than a time for pranks; it’s a mirror reflecting the bold ideas, broken norms, and constant innovation. This year’s jokes poked fun at present tensions and offered insights. One memorable post was a GitHub pull request titled “BIP-777: The Great Poker Restoration,” proposing to reintroduce a poker client into Bitcoin Core, claiming that early versions had gambling functionality. These posts remind us that the crypto community takes its culture just as seriously as its tech.

Eric Trump Backs New Bitcoin Mining Venture With Hut 8, Plans to Go Public

The Trump family is diving deeper into Bitcoin with Eric Trump partnering with Miami-based Hut 8 to launch American Bitcoin Corp. The mining operation aims to go public and become one of the largest in the country. Eric Trump spoke positively about Hut 8’s capabilities, marking another step in the family’s broader crypto strategy after previous launches.