Current Bitcoin’s drop presents buying opportunity — CoinMarketCap

Bitcoin plunged below $82,000 following US President Donald Trump’s announcement of sweeping import tariffs. Now, the world’s flagship cryptocurrency is trading around $83,200, with analysts suggesting the current market drop could present a buying opportunity, CoinMarketCap reports.

Clarity on US tariff policy could fuel institutional demand for Bitcoin, according to analysts Valentin Fournier of BRN and David Hernandez of 21Shares, who maintain a $90,000 price target for the cryptocurrency.

Bitcoin exchange-traded funds reflected this optimism, with the BlackRock-led group reporting $218 million in inflows on April 2, a sharp reversal from the $157 million in outflows seen just days earlier.

Market participants remain cautious, however, closely monitoring the US administration's next moves and shifting macroeconomic conditions that could impact cryptocurrency price, CoinMarketCap notes.