Bitcoin Falls to C$91K as Tariffs Spark C$546M Wipeout

What This Means for Crypto Casino Players

For Canadian players funding casino accounts in Bitcoin, the tariff sell-off adds another layer of erosion to an already rough quarter. Bitcoin opened 2026 at C$128,300 and is now sitting near C$94,100 — a decline of roughly 27% over the first three months of the year. The C$91,500 level briefly breached on April 5 represents a key technical support zone; a sustained break below it would likely trigger further automated selling, pushing deposit values lower.

The C$546 million in liquidations underscores how quickly leveraged positions can unwind — C$343 million of that total came specifically from Bitcoin long positions. These forced sell events tend to flush out excess leverage quickly, which can set the stage for stabilization once the selling pressure clears. Players assessing whether to add to casino balances or hold back can compare current platform options on our best Bitcoin casino guide for Canadian players.

Liberation Day Tariffs and the Crypto Market

President Trump announced the "Liberation Day" tariff package on April 2, framing it as a corrective measure to address trade imbalances. Canada is among the nations subject to the measures, with a 10% baseline rate applying to a broad range of goods exported to the US. A second round of steeper reciprocal tariffs is scheduled for April 9, with rates potentially reaching as high as 50% for certain trading partners — adding further uncertainty to an already tense trade relationship.

Crypto was one of the first assets to absorb the shock. Unlike stock markets, Bitcoin and other digital assets trade around the clock — meaning crypto bore the early wave of investor panic selling before equity markets reopened. Fed Chair Jerome Powell publicly warned that the tariff policy will "raise inflation and lower growth," raising the prospect of stagflation that historically pressures both equities and risk assets like cryptocurrency.

Despite the turbulence, Bitcoin has recovered modestly from the April 5 low, trading near C$94,100 on April 6 — a gain of roughly 2.6% in 24 hours. Institutional buyers appear to have been active near the C$91,500 zone, treating it as a potential accumulation level. The Fear and Greed Index remains deeply in "Extreme Fear" at a reading of 12 — a streak that has now extended to 47 consecutive days, the longest run since 2022.

What to Watch

The C$91,500 support level is the line that matters most right now. A sustained three-day close below it would change the technical picture materially. The bigger near-term risk is the April 9 tariff escalation — if reciprocal rates land at the higher end of forecasts, expect renewed selling pressure across crypto. On the positive side, markets are now pricing three Federal Reserve rate cuts in 2026, with the first potentially arriving in June; rate cuts historically provide a tailwind for Bitcoin and crypto assets broadly. Players with active BTC bankrolls can review current casino platforms on our best crypto casino page for Canadian players.