Safe haven signal in Bitcoin: As institutional purchases increase, markets are experiencing volatility.

Following the announcement of a 25% import tax on cars and auto parts by U.S. President Donald Trump, financial markets experienced volatility, prompting investors to seek safe havens once again. Amid these developments, Bitcoin maintained a sideways trend, attempting to settle at $87,000.

Trump's new tariff decisions, effective April 2, caused a 1% and 2% drop in the S&P 500 and Nasdaq indices, respectively, while Bitcoin behaved like traditional safe-haven assets such as gold. Meanwhile, GameStop shares surged nearly 12% after the decision to use Bitcoin as a reserve asset. As institutional demand for cryptocurrencies continues, particularly GameStop's $1.3 billion Bitcoin acquisition, the overall market sentiment remains positive, despite analysts noting that this move has not yet fully permeated the market.