Bitcoin Takes a Hit as Trump’s Tariffs Shake the Market

Bitcoin, which recently soared to record highs, just faced a sharp sell-off after President Donald Trump announced new tariffs on Canada, Mexico, and China. The flagship cryptocurrency dropped nearly 7%, falling to $93,434, as investors reacted to concerns over global trade tensions.

What’s Behind the Drop?

On February 3, 2025, Trump signed executive orders imposing:
🔹 25% tariffs on Canada & Mexico
🔹 10% tariffs on China

These policies raised fears of increased inflation and economic uncertainty, causing a ripple effect across risk assets like cryptocurrencies.

How Bad Was the Crash?

Bitcoin wasn’t the only victim—Ethereum and other major altcoins took a serious hit too:
🔻 Ethereum (ETH): Down 20% to $2,468
🔻 Binance Coin (BNB): Fell 16% to $545
🔻 XRP: Crashed 24% to $2.15
🔻 Solana (SOL): Dropped 8.62% to $190

What’s Next?

Crypto analysts warn that the worst may not be over. With other nations—especially the UK and BRICS countries—expected to react, volatility could continue in the coming weeks.

Sumit Gupta, co-founder of CoinDCX, believes that while short-term uncertainty is high, Bitcoin’s long-term future remains strong. He suggests that geopolitical instability often pushes investors toward decentralized assets like crypto, much like gold during past financial crises.

Key Takeaway

Bitcoin’s ability to act as a hedge against inflation and economic turbulence may attract more investors in the long run. But for now, traders should be cautious, as the market digests the impact of Trump’s policies.

bitcoin
Bitcoin (BTC) $ 95,113.48
ethereum
Ethereum (ETH) $ 2,591.58
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.40
solana
Solana (SOL) $ 195.99
bnb
BNB (BNB) $ 629.30
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.251119
cardano
Cardano (ADA) $ 0.765948
staked-ether
Lido Staked Ether (STETH) $ 2,590.84
tron
TRON (TRX) $ 0.241295
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 95,036.46
chainlink
Chainlink (LINK) $ 18.50
wrapped-steth
Wrapped stETH (WSTETH) $ 3,090.36
avalanche-2
Avalanche (AVAX) $ 25.11
sui
Sui (SUI) $ 3.29
stellar
Stellar (XLM) $ 0.317314
the-open-network
Toncoin (TON) $ 3.72
shiba-inu
Shiba Inu (SHIB) $ 0.000016
litecoin
Litecoin (LTC) $ 120.03
leo-token
LEO Token (LEO) $ 9.78
hedera-hashgraph
Hedera (HBAR) $ 0.228665
usds
USDS (USDS) $ 0.997966
weth
WETH (WETH) $ 2,591.03
hyperliquid
Hyperliquid (HYPE) $ 23.01
bitget-token
Bitget Token (BGB) $ 6.35
polkadot
Polkadot (DOT) $ 4.78
bitcoin-cash
Bitcoin Cash (BCH) $ 327.81
ethena-usde
Ethena USDe (USDE) $ 1.00
mantra-dao
MANTRA (OM) $ 5.87
uniswap
Uniswap (UNI) $ 9.30
wrapped-eeth
Wrapped eETH (WEETH) $ 2,745.59
ondo-finance
Ondo (ONDO) $ 1.35
monero
Monero (XMR) $ 221.19
pepe
Pepe (PEPE) $ 0.000009
whitebit
WhiteBIT Coin (WBT) $ 27.31
near
NEAR Protocol (NEAR) $ 3.15
aave
Aave (AAVE) $ 243.61
dai
Dai (DAI) $ 1.00
mantle
Mantle (MNT) $ 1.01
bittensor
Bittensor (TAO) $ 412.13
susds
sUSDS (SUSDS) $ 1.04
aptos
Aptos (APT) $ 5.85
internet-computer
Internet Computer (ICP) $ 6.98
official-trump
Official Trump (TRUMP) $ 15.40
okb
OKB (OKB) $ 50.45
ethereum-classic
Ethereum Classic (ETC) $ 19.97
gatechain-token
Gate (GT) $ 21.72
vechain
VeChain (VET) $ 0.033017
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.305836