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CoinEx Daily: Bitcoin plummets to $83,000; Trump has imposed tariffs again

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Published on 2025-03-04


overview


BTC plunged to $83,000; US President Donald Trump said he would impose tariffs on imported agricultural products on April 2. Reciprocal tariffs will come into effect on April 2. The tariffs on Canada and Mexico are set to go into effect Tuesday.


Daily Macro

Bitcoin Market situation: Bitcoin fell sharply; The altcoin market has fallen sharply

Bitcoin ETFs: Net outflows of $78 million yesterday

Ethereum ETFs: Net outflows of $17 million yesterday

Macroeconomic data: The Atlanta Fed's GDPNow model forecasts first-quarter U.S. GDP growth of -2.8% in 2025, compared with -1.5% previously.


Daily Focus

BTC

Reasons to focus: Bitcoin has turned bearish, and its gains over the weekend have completely evaporated. While Trump's statements about cryptocurrency reserves briefly halted the downward momentum, underlying macroeconomic issues remain.

Related Token Performance (24H) :

BTC: -10%

Market analysis: Trump, David Sacks and others will host the first crypto Summit on March 7. There may be positive news to announce.



Next Focus

ETH

Reason for concern: Bybit hackers have completed all 499,000 stolen ETH cleaning, which took 10 days

Market analysis: ETH prices fell by 25% in the process