As of 10 a.m. on the 3rd, the price of Bitcoin on CoinMarketCap was down 2.06% from the same time the previous day to $83,218 (approximately 12.28 million yen).
At around 5 a.m. on the same day, Bitcoin was trading at $87,892, and then fell to $82,220.
The reason for the sharp drop in Bitcoin is the announcement of mutual tariffs by the United States.
As the US launched a trade war with the world and economic uncertainty grew, investment sentiment towards risky assets cooled.
The government announced that it would impose a basic tariff of 10% and apply higher tariffs to major trading partners. By country, tariffs of 34% will be imposed on China, 20% on the EU, and 46% on Vietnam.
Other trading partners, including the United States (24%), South Korea (25%), and India (26%), were also not exempt from the imposition of reciprocal tariffs. President Trump said, "The figures are a 'discount' on the tariffs that other countries have imposed on the United States."
" He also said, "This day is the day the United States declared its economic independence, and it is one of the most important days in history. The American people, who have worked hard for many years,
"We had to sacrifice a lot while other countries got rich, and now it's our turn to enjoy the prosperity," he added. This caused cryptocurrency investment sentiment to plummet.
The Fear and Greed Index is at 25 points, down 19 points from the previous day, indicating a state of "extreme fear." The Fear and Greed Index is a number ranging from 0 to 100 that indicates investment demand in the cryptocurrency market. 1
The closer it is to 00, the greater the demand.
2025/04/03 12:36 KST
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