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Bitcoin (BTC) is currently trading at $83,382.51, down 1.85% in the last 24 hours, as per the latest data at 6:38 am, Thursday, 3 April 2025 (Eastern Time). The leading cryptocurrency has declined by $1,567.49 over the past day, reflecting renewed market nervousness following fresh geopolitical and economic triggers.
The recent drop comes in the wake of former U.S. President Donald Trump’s announcement on April 2 regarding sweeping new tariffs on imported goods, including automobiles, semiconductor chips, and pharmaceuticals. The move has triggered volatility across global markets, with risk assets like cryptocurrencies bearing the brunt of investor concerns.
Bitcoin’s 24-hour high stood at $88,500.00, while the intraday low hit $82,175.98. The total trading volume reached 43,823.14 BTC, amounting to $3.73 billion (USDT) in value exchanged.
More significantly, Bitcoin is now trading 23.6% below its historical high of $109,114.88, highlighting the scale of the pullback since its peak. The combination of macroeconomic tension and policy uncertainty appears to be weighing on market sentiment.
Analysts believe that unless Bitcoin finds a strong support zone or renewed institutional interest, further downside cannot be ruled out in the short term.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are subject to market risks. Please do your own research before investing.