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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) $ 84,297.59
ethereum
Ethereum (ETH) $ 2,725.21
tether
Tether (USDT) $ 0.999780
xrp
XRP (XRP) $ 1.91
bnb
BNB (BNB) $ 816.88
usd-coin
USDC (USDC) $ 0.999979
solana
Solana (SOL) $ 125.57
tron
TRON (TRX) $ 0.275415
staked-ether
Lido Staked Ether (STETH) $ 2,715.00
dogecoin
Dogecoin (DOGE) $ 0.136351
cardano
Cardano (ADA) $ 0.399649
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.03
whitebit
WhiteBIT Coin (WBT) $ 56.59
wrapped-steth
Wrapped stETH (WSTETH) $ 3,314.92
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 84,197.56
bitcoin-cash
Bitcoin Cash (BCH) $ 525.97
wrapped-beacon-eth
Wrapped Beacon ETH (WBETH) $ 2,946.09
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
hyperliquid
Hyperliquid (HYPE) $ 33.11
usds
USDS (USDS) $ 0.999965
leo-token
LEO Token (LEO) $ 9.43
zcash
Zcash (ZEC) $ 532.08
chainlink
Chainlink (LINK) $ 11.84
ethena-usde
Ethena USDe (USDE) $ 0.998530
stellar
Stellar (XLM) $ 0.226686
weth
WETH (WETH) $ 2,716.96
wrapped-eeth
Wrapped eETH (WEETH) $ 2,936.50
litecoin
Litecoin (LTC) $ 80.70
monero
Monero (XMR) $ 330.68
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 84,391.61
avalanche-2
Avalanche (AVAX) $ 13.22
hedera-hashgraph
Hedera (HBAR) $ 0.128238
sui
Sui (SUI) $ 1.35
shiba-inu
Shiba Inu (SHIB) $ 0.000008
dai
Dai (DAI) $ 1.00
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.20
uniswap
Uniswap (UNI) $ 6.29
usdt0
USDT0 (USDT0) $ 0.999776
world-liberty-financial
World Liberty Financial (WLFI) $ 0.140205
polkadot
Polkadot (DOT) $ 2.28
the-open-network
Toncoin (TON) $ 1.50
susds
sUSDS (SUSDS) $ 1.08
paypal-usd
PayPal USD (PYUSD) $ 0.999747
crypto-com-chain
Cronos (CRO) $ 0.096136
memecore
MemeCore (M) $ 2.00
mantle
Mantle (MNT) $ 0.927638
canton-network
Canton (CC) $ 0.079999
usd1-wlfi
USD1 (USD1) $ 0.999203
bittensor
Bittensor (TAO) $ 272.58
c1usd
Currency One USD (C1USD) $ 0.997334