PANews reported on April 5 that after the Trump administration announced the implementation of a comprehensive reciprocal tariff policy, the S&P 500 index experienced a big dump of 9.7% over two days, with a market capitalization evaporation of $5.4 trillion, marking the largest decline in history. The Nasdaq 100 index saw its tech stocks fall significantly, recording the largest single-day drop since 2022. However, Bitcoin’s fall during the same period was only 3.7%, maintaining the critical support level of $82,000. Industry insiders indicated that Bitcoin holding the critical support level of $82,000 proves that structural demand has not been eroded by panic dumping. The decline in Bitcoin’s price after the tariff announcement was significantly smaller than that of traditional markets, demonstrating that Bitcoin is increasingly maturing as a global asset, and the market may provide a new pricing logic for encryption assets. Real Vision’s chief crypto analyst Jamie Coutts stated that based on the M2 money supply growth model, BTC is expected to reach $132,000 within the year.
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