On April 2, 2025, Bitcoin reached $86,800, reflecting a 1.93% increase as traders prepared for former President Donald Trump's upcoming tariff announcement, dubbed 'Liberation Day'. This announcement is expected to introduce reciprocal tariffs on imports, which has created some uncertainty in the crypto markets. Despite this, Bitcoin and other major cryptocurrencies showed resilience, with Bitcoin's price holding steady amid the anticipation. The broader crypto market experienced a 2-4% rebound as the second quarter began, with Bitcoin trading at $84,000 earlier in the day. Additionally, Circle has filed for an initial public offering (IPO), and GameStop is raising $1.5 billion to purchase Bitcoin through a stock offering. Futures open interest in Bitcoin jumped by 4.3%, indicating increased trading activity as market participants brace for potential impacts from the tariff announcement scheduled for 4 PM EST.