The recent import tariffs of President Donald Trump on the major American trading partners caused a universal market sale, pushing Bitcoin below 100,000 USD and sending Futures to shares during weekend trade.
The cryptocurrency dropped to USD 99 111 on Sunday, the bottom level from January 27 2025. 25% tariff for Canadian and Mexican imports and 10% of the duty to Chinese goods rattled investors who rushed to alleviate dangerous assets.
“Crypto is really the only way to express a risk at the weekend, and in news such as this cryptographic one refers to the risk representative,” said Chris Weston, head of research in Pepperstone.
Ethereum failed by 24% to USD 2,494.33, while one other major Cryptocurrencies have experienced much more steep declines. The volume of turnover increased by over 200%, which indicates significant sales pressure. According to Couminggass, about $ 22.70 million in long positions has been liquidated inside 4 hours.
Market turbulence has spread to traditional financial markets, and the Futures in American wrestling shows signs of stress. Futures Dot fell by 463 points, and the S & P 500 and NASDAQ-100 timely contracts fell by 1.6% and a pair of.1%, respectively.
The acute response of the market means a dramatic transition from prior cryptocurrency optimism. When Trump won the election, the value of Bitcoin increased by 40%, reaching USD 107,071 on the day of inauguration on January 20. Investors had high hopes after Trump promised to make America “the capital of cryptocurrency of the planet.”
Trump eventually created a bunch for studying cryptocurrency principles and attempting to make the National Cryptographic Reserve. However, hopes began to vanish because there have been no major changes in politics. This delay, combined with recent tariffs, forced many investors to sell their shares.
Jeff Park, the pinnacle of the Alfa strategy in Bitwees Asset Management, offered a contradictory view on long -term consequences. “The detained tariff war will be amazing for Bitcoins in the long run due to the final weakening of the dollar and American rates,” he said.
Trump defended his decision on social truthStating that “everyone who loves and believes in the United States is in favor of tariffs”, while rejecting critics as “controlled by China or other foreign or domestic companies.”
Canada Prime Minister Justin Trudeau responded with a retaliatory 25% tariffs for US goods value $ 106.5 billion. The Chinese Ministry of Trade said that it could charge this charges within the World Trade Organization. Meanwhile, Mexico President Claudia Sheinbaum really helpful his economic team to implement “tariff and non -tariff” defense measures.
From writing bitcoin it trades for USD 95 104, According to Coinmarketcap. Market analysts strictly monitor the extent of Bitcoin support in the quantity of USD 90,000. The decrease below this threshold may cause further sales, potentially exceeding prices within the direction of USD 80,000.
The acute response of the cryptocurrency market emphasizes its growing relationship with broader economic problems, despite its original purpose as protection against traditional market instability.