Bitcoin price could pump after Trump’s Liberation Day speech

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

Bitcoin price held steady above $80,000 as crypto and stock investors remained cautious ahead of Donald Trump’s Liberation Day tariff speech.

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

Bitcoin was trading at $84,500, up 10% from its March low. Meanwhile, U.S. stock market futures pointed lower, with the Dow Jones and Nasdaq 100 dropping by over 300 points. The main catalyst for Bitcoin, altcoins, and the stock market will be Trump’s Liberation Day speech at the Rose Garden. In this address, he is expected to announce reciprocal tariffs on most countries, including the European Union, China, India, and Japan.

Here’s why Pi Network, Jasmy, LTC, Ethena, and altcoins are down

Analysts warn that these tariffs could lead to a major recession this year. Goldman Sachs and PIMCO have raised their recession odds to 35%. In theory, Bitcoin price should decline once Trump announces the tariffs. However, in practice, BTC and the stock market may bounce back. There are three main reasons for this. First, the Liberation Day tariffs have already been priced in by market participants. As such, the market may “buy the fact” once the announcement is made.