Bitcoin Price Today 3/04/2025: BTC Retreats to $83K After Trump Tariffs, Puts Pressure on Altcoins

• Bitcoin retreats after Trump tariffs, loses momentum
• Altcoins follow a decline and worsen market losses
• $500 million in liquidations signal high volatility

The price of Bitcoin began this Thursday, 3/04/2025, with a 2% decline in the last 24 hours, trading at around US$ 83.000. In reais, the value is equivalent to approximately R$ 475.522, while in euros, it is around € 74.733.

The drop comes after statements by former US President Donald Trump, who announced new trade tariffs on several countries. The move brought instability to the markets and interrupted the short recovery cycle that cryptocurrencies had been trying since the beginning of the week. BTC, which had reached US$88.500 shortly before the announcement, plummeted in minutes to just over US$82.000.

The slight recovery seen since then has put Bitcoin back above $83, but with a clear risk of a further pullback if the $80 support is broken. The asset's market cap has fallen to $1,65 trillion, while its dominance over altcoins remains firm, close to 60%.

Among the negative highlights of the day, altcoins once again underperformed. Toncoin (TON), Avalanche (AVAX) and Solana (SOL) led the losses among the largest-cap assets, with daily losses of up to 6% and declines of more than 10% compared to recent peaks.

Other tokens such as Ethereum (ETH), XRP, Dogecoin (DOGE), Cardano (ADA), Stellar (XLM) and Chainlink (LINK) are also in the red, albeit with more moderate declines. Cryptos such as HYPE, Cronos (CRO) and PI have suffered more pronounced declines, falling as much as 11% in a single day.

The total cryptocurrency market cap shrank by about $140 billion from its previous high of $2,765 trillion. This volatility wiped out about $500 million in overleveraged positions, most of which were long positions (about $260 million), according to data from CoinGlass. Nearly 160 traders were liquidated during this period.