Share this article
Is Hope a Strategy? Bitcoin Reclaims $85K Ahead of Trump 'Liberation Day' Tariff Announcement
The president is set to detail his tariff regime on Wednesday after the U.S. market close.
Updated Apr 1, 2025, 7:33 p.m. Published Apr 1, 2025, 5:16 p.m.
What to know:
- The market is rallying ahead of the Trump administration's "Liberation Day" tariff rollout.
- Bitcoin has rallied more than 2%, while other crypto majors have put in even larger gains.
- One report said the president is "less likely" to go with the market's most feared option on Wednesday.
Recently very shaky risk assets — crypto among them — are attempting a rally on Tuesday, perhaps. buoyed by chatter that Donald Trump's tariffs won't be as stringent as feared.
In early afternoon U.S. action, bitcoin had climbed to just above $85,000, ahead 2.1% over the past 24 hours. Previously really roughed up crypto majors like ether , and had put in gains of roughly twice that amount.
STORY CONTINUES BELOW
Verpassen Sie keine weitere Geschichte.Abonnieren Sie noch heute den Crypto Daybook Americas Newsletter. Alle Newsletter ansehen
Crypto stocks are also performing well, with bitcoin miners Core Scientific (CORZ) and CleanSpark (CLSK) jumping almost 10% on the day. Strategy (MSTR) is up 5.4% and Coinbase (COIN) 2.1%.
U.S. stocks reversed early session losses to turn higher as well, with the Nasdaq now ahead just shy of 1% for the day.
The action comes ahead of the Trump administration’s so-called "Liberation Day" tariff rollout set for tomorrow after the close of U.S. trading.
Hope?
A report from NBC News suggested the market's most feared option — blanket 20% tariffs across the board — is "less likely" to be the direction taken by the White House. Instead, according to the report, a "tiered system" of different rates or country-by-country rates could be announced.
Also maybe helping is what appears to be the first acknowledgement that the administration is aware of the market tumult resulting from all the tariff chatter. Speaking today at her daily briefing, White House Press Secretary Karoline Leavitt said that there were legitimate concerns about market swings.
Meanwhile, Israel’s Minister of Finance Bezalel Smotrich announced on Tuesday that a process had been launched to get rid of tariffs on U.S. imports in that country.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Asia Morning Briefing: Bitcoin Drifts Near $89K as Traders Step Back and Balance Sheets Step In
FlowDesk sees fading post-Fed demand and low leverage, while Glassnode data show digital asset treasuries quietly resuming bitcoin accumulation in a range-bound market.
What to know:
- Bitcoin traded near $89,000 as liquidity thinned and demand faded following a recent Fed rate cut.
- Market caution persists with BTC and ETH retracing gains, while altcoins remain under pressure.
- Gold maintains near-record highs due to rate cuts and central bank demand, while Asian markets opened lower amid cautious investor sentiment.
Top Stories
