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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) $ 109,588.36
ethereum
Ethereum (ETH) $ 2,594.09
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.26
bnb
BNB (BNB) $ 662.65
solana
Solana (SOL) $ 152.22
usd-coin
USDC (USDC) $ 1.00
tron
TRON (TRX) $ 0.287163
dogecoin
Dogecoin (DOGE) $ 0.172149
staked-ether
Lido Staked Ether (STETH) $ 2,591.97
cardano
Cardano (ADA) $ 0.601228
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 109,558.35
hyperliquid
Hyperliquid (HYPE) $ 40.11
wrapped-steth
Wrapped stETH (WSTETH) $ 3,130.25
sui
Sui (SUI) $ 3.03
bitcoin-cash
Bitcoin Cash (BCH) $ 495.12
chainlink
Chainlink (LINK) $ 13.66
leo-token
LEO Token (LEO) $ 9.01
avalanche-2
Avalanche (AVAX) $ 18.55
stellar
Stellar (XLM) $ 0.243207
usds
USDS (USDS) $ 0.999945
weth
WETH (WETH) $ 2,593.00
shiba-inu
Shiba Inu (SHIB) $ 0.000012
the-open-network
Toncoin (TON) $ 2.82
hedera-hashgraph
Hedera (HBAR) $ 0.159920
litecoin
Litecoin (LTC) $ 88.80
wrapped-eeth
Wrapped eETH (WEETH) $ 2,777.09
whitebit
WhiteBIT Coin (WBT) $ 43.77
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
monero
Monero (XMR) $ 320.54
polkadot
Polkadot (DOT) $ 3.54
bitget-token
Bitget Token (BGB) $ 4.56
ethena-usde
Ethena USDe (USDE) $ 1.00
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 109,631.37
uniswap
Uniswap (UNI) $ 7.52
pepe
Pepe (PEPE) $ 0.000010
aave
Aave (AAVE) $ 280.82
pi-network
Pi Network (PI) $ 0.493858
dai
Dai (DAI) $ 1.00
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.18
aptos
Aptos (APT) $ 4.72
bittensor
Bittensor (TAO) $ 338.76
okb
OKB (OKB) $ 49.98
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
near
NEAR Protocol (NEAR) $ 2.28
jito-staked-sol
Jito Staked SOL (JITOSOL) $ 184.79
internet-computer
Internet Computer (ICP) $ 5.02
ethereum-classic
Ethereum Classic (ETC) $ 16.98
crypto-com-chain
Cronos (CRO) $ 0.083104
ondo-finance
Ondo (ONDO) $ 0.796962