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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) $ 113,260.35
ethereum
Ethereum (ETH) $ 3,996.77
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.61
bnb
BNB (BNB) $ 1,106.35
solana
Wrapped SOL (SOL) $ 194.91
usd-coin
USDC (USDC) $ 1.00
staked-ether
Lido Staked Ether (STETH) $ 3,996.59
dogecoin
Dogecoin (DOGE) $ 0.194131
tron
TRON (TRX) $ 0.295680
cardano
Cardano (ADA) $ 0.648609
wrapped-steth
Wrapped stETH (WSTETH) $ 4,868.29
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 113,024.28
wrapped-beacon-eth
Wrapped Beacon ETH (WBETH) $ 4,319.57
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.03
hyperliquid
Hyperliquid (HYPE) $ 48.11
chainlink
Chainlink (LINK) $ 17.92
bitcoin-cash
Bitcoin Cash (BCH) $ 563.93
wrapped-eeth
Wrapped eETH (WEETH) $ 4,316.07
stellar
Stellar (XLM) $ 0.319735
ethena-usde
Ethena USDe (USDE) $ 0.999740
usds
USDS (USDS) $ 1.00
sui
Sui (SUI) $ 2.51
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
weth
WETH (WETH) $ 3,998.36
leo-token
LEO Token (LEO) $ 9.58
hedera-hashgraph
Hedera (HBAR) $ 0.196221
avalanche-2
Avalanche (AVAX) $ 19.56
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 113,222.34
litecoin
Litecoin (LTC) $ 97.34
usdt0
USDT0 (USDT0) $ 1.00
monero
Monero (XMR) $ 337.70
whitebit
WhiteBIT Coin (WBT) $ 42.59
shiba-inu
Shiba Inu (SHIB) $ 0.000010
the-open-network
Toncoin (TON) $ 2.23
crypto-com-chain
Cronos (CRO) $ 0.151251
mantle
Mantle (MNT) $ 1.61
zcash
Zcash (ZEC) $ 317.84
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.20
dai
Dai (DAI) $ 0.999993
polkadot
Polkadot (DOT) $ 3.06
bittensor
Bittensor (TAO) $ 435.82
memecore
MemeCore (M) $ 2.25
uniswap
Uniswap (UNI) $ 6.36
world-liberty-financial
World Liberty Financial (WLFI) $ 0.137968
aave
Aave (AAVE) $ 229.43
susds
sUSDS (SUSDS) $ 1.07
okb
OKB (OKB) $ 163.14
ethena
Ethena (ENA) $ 0.462463
bitget-token
Bitget Token (BGB) $ 4.71