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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) $ 85,412.88
ethereum
Ethereum (ETH) $ 2,784.85
tether
Tether (USDT) $ 0.999798
xrp
XRP (XRP) $ 1.97
bnb
BNB (BNB) $ 839.05
usd-coin
USDC (USDC) $ 0.999871
solana
Solana (SOL) $ 128.48
tron
TRON (TRX) $ 0.274432
staked-ether
Lido Staked Ether (STETH) $ 2,774.71
dogecoin
Dogecoin (DOGE) $ 0.140913
cardano
Cardano (ADA) $ 0.405301
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.03
whitebit
WhiteBIT Coin (WBT) $ 56.66
wrapped-steth
Wrapped stETH (WSTETH) $ 3,390.53
bitcoin-cash
Bitcoin Cash (BCH) $ 551.03
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 85,130.81
wrapped-beacon-eth
Wrapped Beacon ETH (WBETH) $ 3,013.33
usds
USDS (USDS) $ 0.999873
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
leo-token
LEO Token (LEO) $ 9.48
zcash
Zcash (ZEC) $ 536.87
chainlink
Chainlink (LINK) $ 12.23
hyperliquid
Hyperliquid (HYPE) $ 30.62
stellar
Stellar (XLM) $ 0.231379
ethena-usde
Ethena USDe (USDE) $ 0.998992
weth
WETH (WETH) $ 2,781.99
wrapped-eeth
Wrapped eETH (WEETH) $ 3,005.02
monero
Monero (XMR) $ 370.46
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 85,182.82
litecoin
Litecoin (LTC) $ 82.65
avalanche-2
Avalanche (AVAX) $ 13.25
hedera-hashgraph
Hedera (HBAR) $ 0.132550
sui
Sui (SUI) $ 1.36
shiba-inu
Shiba Inu (SHIB) $ 0.000008
dai
Dai (DAI) $ 0.999668
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.20
world-liberty-financial
World Liberty Financial (WLFI) $ 0.150244
usdt0
USDT0 (USDT0) $ 0.999723
uniswap
Uniswap (UNI) $ 6.16
susds
sUSDS (SUSDS) $ 1.08
crypto-com-chain
Cronos (CRO) $ 0.103325
the-open-network
Toncoin (TON) $ 1.53
polkadot
Polkadot (DOT) $ 2.32
paypal-usd
PayPal USD (PYUSD) $ 0.999612
memecore
MemeCore (M) $ 1.98
mantle
Mantle (MNT) $ 0.997365
usd1-wlfi
USD1 (USD1) $ 0.998943
canton-network
Canton (CC) $ 0.076316
bittensor
Bittensor (TAO) $ 273.93
c1usd
Currency One USD (C1USD) $ 1.01