• Bitcoin dropped 7%, fears of economic slowdown, and the dollar weakened.
• Arthur Hayes sees tariffs boosting Bitcoin, gold demand rises.
• Bitcoin’s support at $79,900–$81,160, bullish bounce above $84,000 possible.

President Donald Trump’s latest tariff announcements triggered widespread market volatility, including over $450 million in crypto futures liquidations and a sharp downturn across assets, even as BitMEX co-founder Arthur Hayes presented a contrarian bullish case for Bitcoin.

The sell-off followed confirmation of Trump’s new trade measures: a 25% levy on foreign-made cars reportedly effective April 3rd, a minimum 10% import tariff on U.S. trading partners starting April 5th, and higher country-specific tariffs affecting ~60 nations from April 9th. 

The White House indicated China faces a 34% new tariff, pushing its total effective rate to 54%, as part of efforts to reduce trade imbalances.

The immediate market reaction saw Bitcoin plummet 7%. Global stock markets were also hit hard, the U.S. dollar weakened, and the 10-year Treasury yield dipped to 4% (its lowest since October), potentially signaling anticipation of Federal Reserve easing to…

The post Arthur Hayes Says He ‘Loves Tariffs,’ Explains Why They Are Good for BTC appeared first on Coin Edition.

• Bitcoin dropped 7%, fears of economic slowdown, and the dollar weakened.
• Arthur Hayes sees tariffs boosting Bitcoin, gold demand rises.
• Bitcoin’s support at $79,900–$81,160, bullish bounce above $84,000 possible.

President Donald Trump’s latest tariff announcements triggered widespread market volatility, including over $450 million in crypto futures liquidations and a sharp downturn across assets, even as BitMEX co-founder Arthur Hayes presented a contrarian bullish case for Bitcoin.

The sell-off followed confirmation of Trump’s new trade measures: a 25% levy on foreign-made cars reportedly effective April 3rd, a minimum 10% import tariff on U.S. trading partners starting April 5th, and higher country-specific tariffs affecting ~60 nations from April 9th. 

The White House indicated China faces a 34% new tariff, pushing its total effective rate to 54%, as part of efforts to reduce trade imbalances.

The immediate market reaction saw Bitcoin plummet 7%. Global stock markets were also hit hard, the U.S. dollar weakened, and the 10-year Treasury yield dipped to 4% (its lowest since October), potentially signaling anticipation of Federal Reserve easing to…

The post Arthur Hayes Says He ‘Loves Tariffs,’ Explains Why They Are Good for BTC appeared first on Coin Edition.