In today’s briefing:
- Tariffs Struck. Bitcoin Held Firm.
Tariffs Struck. Bitcoin Held Firm.
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Bitcoin opened Q2 near $68,400 as tariff shock from the April 2 “Liberation Day II” reciprocal tariff announcement pressured all risk assets.
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BTC dropped to $66,246 on the day of the tariff announcement and briefly traded below $66,000 before stabilizing near $66,500, closing the week down roughly 4.5% from its Q2 open amid elevated macro uncertainty.
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Ethereum tested the $2,000 level and closed the week around $2,110-$2,129 (April 6), down 3.8% to 4.3%, continuing its structural underperformance relative to Bitcoin as BTC dominance climbed to 57.9%
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