Bitcoin is experiencing consolidation as the market anticipates Trump's reciprocal tariffs on April 2, dubbed 'Liberation Day' for the US economy.
The market is concerned about the impact of tariffs on Bitcoin's price and the possibility of a global recession, making investors wary of risky assets like crypto.
Bitcoin's price may face short-term swings as it has been following traditional market trends and has been affected by previous tariffs imposed by the US government.
Despite the current negative sentiment, some experts believe that the negative impact of tariffs may have already passed and that Bitcoin will reach new all-time highs this year.