PANews reported on April 5th that according to Cointelegraph, after the Trump administration announced a comprehensive reciprocal tariff policy, the S&P 500 index plummeted by 9.7% in two days, with a market value evaporation of $5.4 trillion, creating the largest historical decline. The Nasdaq 100 technology stock index saw its single-day drop reach a record since 2022. However, Bitcoin's decline during the same period was only 3.7%, maintaining the key support level of $82,000. Industry experts suggest that Bitcoin's maintenance of the $82,000 support level proves that structural demand has not been eroded by panic selling. Bitcoin's price drop after the tariff announcement was significantly smaller than traditional markets, demonstrating that Bitcoin as a global asset has become increasingly mature, and the market may provide a new pricing logic for crypto assets. Jamie Coutts, Chief Crypto Analyst at Real Vision, stated that based on the M2 money supply growth model, BTC is expected to challenge $132,000 this year.
