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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) $ 99,754.73
ethereum
Ethereum (ETH) $ 3,102.72
xrp
XRP (XRP) $ 2.85
tether
Tether (USDT) $ 0.999950
solana
Solana (SOL) $ 209.83
bnb
BNB (BNB) $ 654.70
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.301915
cardano
Cardano (ADA) $ 0.879756
staked-ether
Lido Staked Ether (STETH) $ 3,100.86
tron
TRON (TRX) $ 0.241552
chainlink
Chainlink (LINK) $ 22.54
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 99,900.77
avalanche-2
Avalanche (AVAX) $ 31.02
wrapped-steth
Wrapped stETH (WSTETH) $ 3,698.21
stellar
Stellar (XLM) $ 0.387038
the-open-network
Toncoin (TON) $ 4.59
sui
Sui (SUI) $ 3.68
hedera-hashgraph
Hedera (HBAR) $ 0.281155
shiba-inu
Shiba Inu (SHIB) $ 0.000017
weth
WETH (WETH) $ 3,102.92
leo-token
LEO Token (LEO) $ 9.77
polkadot
Polkadot (DOT) $ 5.77
litecoin
Litecoin (LTC) $ 115.84
bitget-token
Bitget Token (BGB) $ 6.73
bitcoin-cash
Bitcoin Cash (BCH) $ 398.20
hyperliquid
Hyperliquid (HYPE) $ 22.57
usds
USDS (USDS) $ 1.00
uniswap
Uniswap (UNI) $ 10.72
wrapped-eeth
Wrapped eETH (WEETH) $ 3,282.68
ethena-usde
Ethena USDe (USDE) $ 1.00
pepe
Pepe (PEPE) $ 0.000012
mantra-dao
MANTRA (OM) $ 5.23
near
NEAR Protocol (NEAR) $ 4.16
aave
Aave (AAVE) $ 291.95
monero
Monero (XMR) $ 231.52
official-trump
Official Trump (TRUMP) $ 21.14
ondo-finance
Ondo (ONDO) $ 1.32
whitebit
WhiteBIT Coin (WBT) $ 28.21
internet-computer
Internet Computer (ICP) $ 8.36
aptos
Aptos (APT) $ 6.95
mantle
Mantle (MNT) $ 1.15
ethereum-classic
Ethereum Classic (ETC) $ 24.61
dai
Dai (DAI) $ 0.999942
vechain
VeChain (VET) $ 0.042772
crypto-com-chain
Cronos (CRO) $ 0.120256
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.373261
bittensor
Bittensor (TAO) $ 387.60
kaspa
Kaspa (KAS) $ 0.120800
okb
OKB (OKB) $ 50.63