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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) $ 117,726.54
ethereum
Ethereum (ETH) $ 4,617.20
xrp
XRP (XRP) $ 3.10
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 993.67
solana
Solana (SOL) $ 246.62
usd-coin
USDC (USDC) $ 0.999978
dogecoin
Dogecoin (DOGE) $ 0.282366
staked-ether
Lido Staked Ether (STETH) $ 4,608.59
cardano
Cardano (ADA) $ 0.916980
tron
TRON (TRX) $ 0.344604
wrapped-steth
Wrapped stETH (WSTETH) $ 5,595.71
chainlink
Chainlink (LINK) $ 24.14
hyperliquid
Hyperliquid (HYPE) $ 58.85
wrapped-beacon-eth
Wrapped Beacon ETH (WBETH) $ 4,976.78
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 117,718.54
avalanche-2
Avalanche (AVAX) $ 33.15
ethena-usde
Ethena USDe (USDE) $ 1.00
sui
Sui (SUI) $ 3.82
bitcoin-cash
Bitcoin Cash (BCH) $ 640.96
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.03
stellar
Stellar (XLM) $ 0.399944
wrapped-eeth
Wrapped eETH (WEETH) $ 4,962.26
weth
WETH (WETH) $ 4,616.18
hedera-hashgraph
Hedera (HBAR) $ 0.245838
litecoin
Litecoin (LTC) $ 117.96
leo-token
LEO Token (LEO) $ 9.53
crypto-com-chain
Cronos (CRO) $ 0.238433
the-open-network
Toncoin (TON) $ 3.16
shiba-inu
Shiba Inu (SHIB) $ 0.000014
usds
USDS (USDS) $ 0.999856
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 117,731.54
polkadot
Polkadot (DOT) $ 4.48
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
whitebit
WhiteBIT Coin (WBT) $ 44.21
world-liberty-financial
World Liberty Financial (WLFI) $ 0.222099
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.20
uniswap
Uniswap (UNI) $ 9.64
mantle
Mantle (MNT) $ 1.72
monero
Monero (XMR) $ 294.36
memecore
MemeCore (M) $ 2.94
pepe
Pepe (PEPE) $ 0.000012
ethena
Ethena (ENA) $ 0.707657
aave
Aave (AAVE) $ 308.66
bitget-token
Bitget Token (BGB) $ 5.07
dai
Dai (DAI) $ 1.00
okb
OKB (OKB) $ 196.25
jito-staked-sol
Jito Staked SOL (JITOSOL) $ 303.36
near
NEAR Protocol (NEAR) $ 2.89
bittensor
Bittensor (TAO) $ 362.76