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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) $ 96,073.74
ethereum
Ethereum (ETH) $ 2,623.77
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.41
solana
Solana (SOL) $ 196.19
bnb
BNB (BNB) $ 648.43
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.254234
cardano
Cardano (ADA) $ 0.784925
staked-ether
Lido Staked Ether (STETH) $ 2,621.75
tron
TRON (TRX) $ 0.242289
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 96,026.73
chainlink
Chainlink (LINK) $ 18.51
wrapped-steth
Wrapped stETH (WSTETH) $ 3,130.24
avalanche-2
Avalanche (AVAX) $ 25.08
sui
Sui (SUI) $ 3.27
stellar
Stellar (XLM) $ 0.316884
shiba-inu
Shiba Inu (SHIB) $ 0.000016
the-open-network
Toncoin (TON) $ 3.73
leo-token
LEO Token (LEO) $ 9.84
litecoin
Litecoin (LTC) $ 116.84
hedera-hashgraph
Hedera (HBAR) $ 0.223480
usds
USDS (USDS) $ 0.999890
hyperliquid
Hyperliquid (HYPE) $ 23.68
weth
WETH (WETH) $ 2,623.74
bitget-token
Bitget Token (BGB) $ 6.19
polkadot
Polkadot (DOT) $ 4.88
bitcoin-cash
Bitcoin Cash (BCH) $ 329.99
ethena-usde
Ethena USDe (USDE) $ 0.998924
mantra-dao
MANTRA (OM) $ 5.88
uniswap
Uniswap (UNI) $ 9.41
wrapped-eeth
Wrapped eETH (WEETH) $ 2,780.30
ondo-finance
Ondo (ONDO) $ 1.34
monero
Monero (XMR) $ 222.00
pepe
Pepe (PEPE) $ 0.000010
whitebit
WhiteBIT Coin (WBT) $ 27.41
near
NEAR Protocol (NEAR) $ 3.18
aave
Aave (AAVE) $ 243.46
dai
Dai (DAI) $ 1.00
aptos
Aptos (APT) $ 5.95
mantle
Mantle (MNT) $ 1.01
internet-computer
Internet Computer (ICP) $ 7.08
bittensor
Bittensor (TAO) $ 400.38
susds
sUSDS (SUSDS) $ 1.03
ethereum-classic
Ethereum Classic (ETC) $ 20.45
official-trump
Official Trump (TRUMP) $ 15.23
okb
OKB (OKB) $ 50.18
gatechain-token
Gate (GT) $ 22.13
vechain
VeChain (VET) $ 0.033194
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.308358