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2 min read 01 Feb 2025

Bitcoin: US tariffs crush BTC price

By Davide Grammatica

Confirmation of new tariffs imposed by Donald Trump on China, Mexico, and Canada is also impacting BTC, one step away from returning to the $100k

Bitcoin: US tariffs crush BTC price

Trump's decisions

In the last 24, with a -3.6% performance, Bitcoin is back to question the fundamental support of the $100k.

The blame falls on the latest moves by the US president, who recently confirmed the implementation of new tariffs on China (10%), Mexico (25%) and Canada (25%).

The pressure on the price of BTC is therefore indirect, and also a child of a strengthening of the U.S. dollar in the short term.

The variables, at any rate, in these early months of the Trump administration, seem to be increasing more and more. First and foremost, the Federal Reserve is closely watching the new president’s immigration and trade policies, which could impact the inflation outlook. As a result, the effects will also be felt for BTC, for better or worse. New tariffs, at this point, could also be decisive in determining the new timing of interest rate cuts.

“Tariffs tend to slow down capital market flows,” Juan Leon, Senior Investment Strategist at Bitwise, told Decrypt, on the subject of Trump’s move. “Investors may be concerned that the tariffs could dry up liquidity intended for alternative investments such as cryptocurrencies.”

Crypto world suffers

Bitcoin was just trying to recover from the market correction triggered by the advent of DeepSeek, but global market turmoil seems to preclude further upside. Indeed, all the major stock indexes are suffering, such as theS&P 500, the Nasdaq Composite and the Dow Jones.

Similarly, the entire altcoin world reports numerous losses, with very few exceptions such as Hyperliquid (HYPE) and MANTRA (OM), which, on the other hand, record not inconsiderable weekly performances of +21 percent and +54 percent, respectively.

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Resta aggiornato in tempo reale con le notizie importanti, dati e analisi ESCLUSIVE

bitcoin
Bitcoin (BTC) $ 102,886.57
ethereum
Ethereum (ETH) $ 3,430.52
tether
Tether (USDT) $ 0.999981
xrp
XRP (XRP) $ 2.39
bnb
BNB (BNB) $ 962.34
solana
Wrapped SOL (SOL) $ 156.62
usd-coin
USDC (USDC) $ 1.00
staked-ether
Lido Staked Ether (STETH) $ 3,429.10
tron
TRON (TRX) $ 0.298048
dogecoin
Dogecoin (DOGE) $ 0.173221
cardano
Cardano (ADA) $ 0.560483
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.04
wrapped-steth
Wrapped stETH (WSTETH) $ 4,178.96
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 102,749.53
wrapped-beacon-eth
Wrapped Beacon ETH (WBETH) $ 3,713.07
whitebit
WhiteBIT Coin (WBT) $ 53.94
chainlink
Chainlink (LINK) $ 15.39
hyperliquid
Hyperliquid (HYPE) $ 38.84
bitcoin-cash
Bitcoin Cash (BCH) $ 507.65
usds
USDS (USDS) $ 1.00
stellar
Stellar (XLM) $ 0.282409
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999504
wrapped-eeth
Wrapped eETH (WEETH) $ 3,707.21
leo-token
LEO Token (LEO) $ 9.24
ethena-usde
Ethena USDe (USDE) $ 0.999787
weth
WETH (WETH) $ 3,431.38
zcash
Zcash (ZEC) $ 465.34
litecoin
Litecoin (LTC) $ 100.11
hedera-hashgraph
Hedera (HBAR) $ 0.178286
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 102,899.57
sui
Sui (SUI) $ 2.02
avalanche-2
Avalanche (AVAX) $ 17.12
monero
Monero (XMR) $ 371.62
shiba-inu
Shiba Inu (SHIB) $ 0.000010
uniswap
Uniswap (UNI) $ 8.36
the-open-network
Toncoin (TON) $ 2.04
polkadot
Polkadot (DOT) $ 3.10
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.20
dai
Dai (DAI) $ 0.999507
crypto-com-chain
Cronos (CRO) $ 0.125498
world-liberty-financial
World Liberty Financial (WLFI) $ 0.153532
memecore
MemeCore (M) $ 2.42
canton-network
Canton (CC) $ 0.116969
mantle
Mantle (MNT) $ 1.25
usdt0
USDT0 (USDT0) $ 1.00
susds
sUSDS (SUSDS) $ 1.08
bittensor
Bittensor (TAO) $ 367.37
internet-computer
Internet Computer (ICP) $ 6.14
near
NEAR Protocol (NEAR) $ 2.58
aave
Aave (AAVE) $ 209.42