Concerns in a global trade war continue to force traditional and cryptocurrency markets as investors for a potential tariff announcement from US President Donald Trump on April 2 – a step that can set a tone for bitcoin prices throughout the month.
Trump first announced the tariffs of importing Chinese goods on January 20, the day of his inauguration as president.
Global Tariff is afraid has led to increased inflation concerns, limiting appetite to the risk of investors. Bitcoin (Btc) has fallen by 18%, and the index of the S&P 500 (SPX) Tradingview Data displays.
“Continuing, April 2 has drawn increased attention as a potential flashpoint for fresh US tariff announcements,” Stella Zlatareva, Dispatch editor on the digital asset investment platform Nexo, told Cointelegraph.
S&P 500, BTC/USD, 1-day chart. Source: Tradingview
The investor’s sentiment took another hit on March 29 after Trump forced his senior advisers to make more aggressive stance on import tariffs, which could be seen as a potential worsening of the trade war, the Washington Post reportedciting four unnamed resources familiar with this matter.
April 2’s announcement is expected to detail the tariff tariffs target targets among the leading US trade partners. The steps are aimed at reducing the estimated $ 1.2 trillion trading trade and boosting domestic manufacturing.
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Bitcoin ETF, whales continue to accumulate
Despite mounted uncertainty, large bitcoin holders – known as “whales,” between 1,000 BTC and 10,000 BTC – have continued to accumulate.
The addresses in this category have remained steadfast since the beginning of 2025, from 1,956 addresses on January 1 to more than 1,990 addresses on March 27 – still below the peak of the previous cycle of 2,370 addresses recorded in February 2024, Glass node Data displays.
Number of whale address. Source: Glass node
“The risk of appetite remains in the midst of tariff threats from President Trump and MacRO’s ongoing uncertainty,” said Ilia Kalchev, a shipping analyst to Nexo, who told Cointelegraph:
“However, the accumulation of BTC through whales and a 10-day ETF inflow streak point to the stable institutional demand. But the hawkish-from inflation or trade surprises-can maintain the crypto rangbound in April.”
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The US spot bitcoin exchange-traded funds stopped their 10-day accumulation of accumulation on March 28 when Fidelity’s ETF recorded more than $ 93 million amounts of flow, while other ETF providers registered without flow or flow, Father Displays the data of investors.
Bitcoin ETF is flowing. Source: Father Investors
Despite the short-term concerns of volatility, analysts have remained optimistic about bitcoin prices for late 2025, with price predictions from $ 160,000 In More than $ 180,000.
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