Bitcoin drops over 10% due to global tariffs, currently trading at $80,200

From Yahoo Finance: 2025-04-12 12:30:00

President Donald Trump’s global tariffs have rattled crypto markets, causing Bitcoin to drop over 10% to below $78,000. The monthly chart shows a 611% surge from November 2022 to January 2025. Bitcoin is currently trading at $80,200, a crucial level to hold. On the weekly chart, BTC is holding above the 50 EMA, key areas to watch include the 50 EMA and the current swing. The daily chart indicates a bearish trend with a potential shift if Bitcoin breaks above $88,000. Market uncertainty persists amid economic turmoil.



Read more at Yahoo Finance: Key Levels You Need to Watch Amid Economic Uncertainty