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Bitcoin saw sharp swings following Trump’s new tariffs

On April 2, Donald Trump announced massive tariffs against dozens of countries — a base rate of 10%, and up to 54% for China

Markets reacted immediately: BTC spiked to $88,500 and then quickly dropped. The S&P 500 lost over $1 trillion in market cap in a single day

Experts are calling it the beginning of a new “trade war” with unpredictable consequences

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