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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) $ 93,296.00
ethereum
Ethereum (ETH) $ 3,158.33
tether
Tether (USDT) $ 0.999769
xrp
XRP (XRP) $ 2.23
bnb
BNB (BNB) $ 934.77
usd-coin
USDC (USDC) $ 1.00
tron
TRON (TRX) $ 0.292568
staked-ether
Lido Staked Ether (STETH) $ 3,158.05
dogecoin
Dogecoin (DOGE) $ 0.161291
cardano
Cardano (ADA) $ 0.479021
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.02
whitebit
WhiteBIT Coin (WBT) $ 61.88
wrapped-steth
Wrapped stETH (WSTETH) $ 3,848.12
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 93,238.98
wrapped-beacon-eth
Wrapped Beacon ETH (WBETH) $ 3,420.88
bitcoin-cash
Bitcoin Cash (BCH) $ 527.30
zcash
Zcash (ZEC) $ 639.52
hyperliquid
Hyperliquid (HYPE) $ 38.48
chainlink
Chainlink (LINK) $ 13.92
usds
USDS (USDS) $ 1.00
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999846
leo-token
LEO Token (LEO) $ 9.45
stellar
Stellar (XLM) $ 0.257943
weth
WETH (WETH) $ 3,158.10
wrapped-eeth
Wrapped eETH (WEETH) $ 3,413.96
ethena-usde
Ethena USDe (USDE) $ 0.998726
monero
Monero (XMR) $ 409.02
litecoin
Litecoin (LTC) $ 95.32
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 93,360.01
hedera-hashgraph
Hedera (HBAR) $ 0.151788
avalanche-2
Avalanche (AVAX) $ 14.79
sui
Sui (SUI) $ 1.69
shiba-inu
Shiba Inu (SHIB) $ 0.000009
uniswap
Uniswap (UNI) $ 7.69
polkadot
Polkadot (DOT) $ 2.79
the-open-network
Toncoin (TON) $ 1.83
dai
Dai (DAI) $ 0.999369
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.20
crypto-com-chain
Cronos (CRO) $ 0.110338
usdt0
USDT0 (USDT0) $ 0.999596
world-liberty-financial
World Liberty Financial (WLFI) $ 0.143330
susds
sUSDS (SUSDS) $ 1.07
canton-network
Canton (CC) $ 0.107980
mantle
Mantle (MNT) $ 1.11
memecore
MemeCore (M) $ 2.11
paypal-usd
PayPal USD (PYUSD) $ 1.00
bittensor
Bittensor (TAO) $ 333.47
near
NEAR Protocol (NEAR) $ 2.33
usd1-wlfi
USD1 (USD1) $ 0.999382
internet-computer
Internet Computer (ICP) $ 5.08