Bitcoin Shows Resilience Amidst Global Market Turmoil Triggered by Trump Tariffs

In a time of significant economic upheaval, one asset class stood out for its resilience. As President Trump’s tariffs shook global markets, causing widespread volatility and equity sell-offs, Bitcoin and other cryptocurrencies demonstrated remarkable stability. Here’s a closer look at how the digital asset fared during this tumultuous period.

Crypto Stays Resilient as Trump Tariffs Rattle Global Markets

Markets plunged into turmoil after U.S. President Donald Trump unveiled tariffs aimed at reshaping global trade. Equities unraveled and volatility spiked, but crypto assets largely held their ground, distinguishing themselves from broader risk markets. The White House announced a 10% tariff on all U.S. imports and "reciprocal" duties targeting trade surplus countries. This sparked a brutal selloff in equities, with the S&P 500 dropping 4.84%, the Nasdaq sliding 5.5%, and the Russell 2000 falling 6.5%. Bitcoin (BTC) initially sold off but found a foothold, currently trading at $82,764—down just 0.83% over 24 hours. The total crypto market cap slipped.

JPMorgan Questions Bitcoin’s Status as Digital Gold

The rise of Bitcoin appears to be pausing as more analysts question its position as a SAFE haven asset in light of gold’s increasing strength. According to JPMorgan, investors are reassessing their strategies for protection against inflation and economic instability, resulting in flows leaving Bitcoin ETFs to redirect to those backed by gold. The precious metal has crossed the $3,100 per ounce mark and attracts more than $9 trillion in allocation, while digital assets suffer from volatility.

Bitcoin Long Liquidations Surge As Price Declines

Bitcoin price has fallen back into bearish territory, following the broader crypto market’s decline. Despite short-term surges, BTC has remained largely bearish, trading at $82,000 with a close to 6% decline in the last 2 hours. On Wednesday, BTC rallied to $88,563 due to Liberation day hype but then fell sharply to $81,188 as tariff war escalation affected bullish momentum. This resulted in a substantial surge in Bitcoin liquidations.

Could SpacePay Be the Key to Unlocking Bitcoin’s Full Potential?

Despite the hype around Bitcoin revolutionizing finance, it’s still not widely used for daily purchases. SpacePay aims to change this with its low 0.5% transaction fee, compatibility with over 325 crypto wallets, and a system that protects merchants from Bitcoin price volatility. The platform has already raised $1 million during its presale, with $SPY tokens currently trading at $0.003181 each.

Bitcoin Recovery Stalls Below $83,500 Resistance

Bitcoin’s recovery has stalled below the key resistance level of $83,500. The bulls are struggling to gain momentum above the 100-hour SMA. A decisive break above this level could push Bitcoin towards $84,500–$86,000, but failure to clear this zone may keep the cryptocurrency range-bound. Analyst Ali Martinez believes reclaiming $90,570, the short-term holder realized price, is the signal for a resumed bull run. Earlier this week, Bitcoin faced intensified selling pressure, falling below a crucial support zone NEAR $82,500 and briefly testing the $81,200 level. While the flagship cryptocurrency has shown signs of recovery, it remains at a critical juncture between resistance above and looming downside risk below.