Crypto Week Ahead: Bitcoin Faces Volatility as Trump’s Tariffs Shake Markets
Bitcoin (BTC) is in the middle of a wild ride after a turbulent week triggered by President Trump’s surprise tariffs on China, Canada, and Mexico. The flagship cryptocurrency hit a weekly high of $106,190 before plunging below $93,000, leaving investors scrambling to assess what’s next. What’s Behind the Crypto Selloff? The sudden market dip was fueled by Trump’s new trade policies, which raised concerns about inflation and economic instability. Investors quickly reacted, leading to a $2 billion liquidation event in just 12 hours—one of the biggest in recent history. At its lowest point, Bitcoin fell to $92,500, while Ethereum (ETH) dropped as low as $2,451. The overall crypto market cap shrank from $3.45 trillion to $3 trillion in just one week. Altcoins, including XRP and Solana, also saw steep losses, with some meme coins dropping over 15%. Key Market Trends to Watch Bitcoin’s Support & Resistance: Analysts say $95,000 is a crucial level—if BTC holds above it, a rebound toward $100K+ is possible. But a break below $90,000 could lead to deeper corrections. Market Sentiment: BTC dominance surged to 61%, indicating a cautious market. The Fear and Greed Index dropped to 39 (Fear), signaling investor uncertainty. US Federal Reserve Policy: The next Fed meeting and upcoming labor market reports could influence Bitcoin’s direction. If economic data signals a slowdown, Bitcoin could rally past $100K. Is Crypto Still Bullish? Despite the short-term price shock, some experts remain optimistic. Thangapandi Durai (Koinpark CEO): “Last week was eventful—Bitcoin dropped 4%, Ethereum lost 12%, but the US government is showing strong support for crypto. Key figures are discussing a federal Bitcoin stockpile and improved banking access for crypto firms.” Shivam Thakral (BuyUcoin CEO): “The drop below $95K reflects market stress, but Bitcoin remains a hedge against economic instability.” What’s Next for Crypto? As we enter another volatile week, all eyes are on Bitcoin’s key support levels, global economic policies, and the Federal Reserve’s next move. If market conditions stabilize, Bitcoin could regain momentum and push toward new highs. But if uncertainty lingers, more turbulence could be on the horizon. For now, investors should stay cautious, watch key price levels, and be ready for market swings.