The Trump administration will announce "reciprocal tariffs" for 15 countries (including China, Canada, and Mexico) on April 2nd "Liberation Day", with market concerns about global economic recession dragging down Bitcoin prices. Grayscale Research Director Zach Pandl stated that tariffs have reduced economic growth by 2% this year, but if the "Liberation Day" policy is implemented moderately and in stages, the market may rebound, and crypto assets will return to fundamentals-driven performance. He predicts that tariffs will weaken the US dollar's dominant position and open space for alternative assets like Bitcoin. Pandl emphasized that announcements like Circle's IPO would not occur if institutions lack high confidence in the digital asset sector and its related policies. (CoinDesk)