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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) $ 104,607.03
ethereum
Ethereum (ETH) $ 2,518.89
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.17
bnb
BNB (BNB) $ 655.71
solana
Solana (SOL) $ 155.34
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.191014
tron
TRON (TRX) $ 0.267947
cardano
Cardano (ADA) $ 0.681241
staked-ether
Lido Staked Ether (STETH) $ 2,515.47
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 104,533.01
sui
Sui (SUI) $ 3.28
hyperliquid
Hyperliquid (HYPE) $ 32.61
wrapped-steth
Wrapped stETH (WSTETH) $ 3,027.48
chainlink
Chainlink (LINK) $ 13.90
avalanche-2
Avalanche (AVAX) $ 20.76
stellar
Stellar (XLM) $ 0.266366
bitcoin-cash
Bitcoin Cash (BCH) $ 410.16
leo-token
LEO Token (LEO) $ 8.69
the-open-network
Toncoin (TON) $ 3.16
shiba-inu
Shiba Inu (SHIB) $ 0.000013
usds
USDS (USDS) $ 1.00
hedera-hashgraph
Hedera (HBAR) $ 0.168622
weth
WETH (WETH) $ 2,519.71
litecoin
Litecoin (LTC) $ 87.33
wrapped-eeth
Wrapped eETH (WEETH) $ 2,687.17
polkadot
Polkadot (DOT) $ 4.08
monero
Monero (XMR) $ 326.53
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
bitget-token
Bitget Token (BGB) $ 4.70
ethena-usde
Ethena USDe (USDE) $ 1.00
pepe
Pepe (PEPE) $ 0.000012
pi-network
Pi Network (PI) $ 0.648813
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 104,640.04
whitebit
WhiteBIT Coin (WBT) $ 31.32
dai
Dai (DAI) $ 1.00
bittensor
Bittensor (TAO) $ 432.64
aave
Aave (AAVE) $ 241.88
uniswap
Uniswap (UNI) $ 6.08
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.18
crypto-com-chain
Cronos (CRO) $ 0.102984
okb
OKB (OKB) $ 50.11
aptos
Aptos (APT) $ 4.74
near
NEAR Protocol (NEAR) $ 2.42
jito-staked-sol
Jito Staked SOL (JITOSOL) $ 187.48
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
tokenize-xchange
Tokenize Xchange (TKX) $ 33.76
ondo-finance
Ondo (ONDO) $ 0.830425
internet-computer
Internet Computer (ICP) $ 4.91