Bitcoin experienced a significant drop, going under the symbolic bar of $ 100,000 for the first time since January 27. This fall occurs in a context of increased trade tensions, after the announcement by Donald Trump of new customs rights targeting China, Canada and Mexico, causing immediate reactions of these countries.
Bitcoin tumbles under $ 100,000 after Trump measurements
President Donald Trump has signed an imposing decree of major customs duties on imports from three key countries. The measure provides for a 25 % increase in tariffs on Canadian and Mexican imports, while Chinese products are facing an increase of 10 %.
Only Canadian energy resources benefit from a reduced rate of 10 %. This decisionaccording to the White House, aims to force these countries to strengthen their fight against illegal immigration and the traffic of illicit substances, including fentanyl.
The financial markets reacted quickly to this announcement, the falling bitcoin up to $ 99,111 before stabilizing around 99,540 dollars. Coinglass data reveal that this decline led to the liquidation of about $ 22.70 million in long positions in just four hours.
Analysts fear that these tariff measures will contribute to an increase in inflation, potentially pushing the federal reserve to maintain high interest rates. This perspective generally encourages investors to favor more traditional assets to the detriment of cryptocurrencies.
An unanimous international reaction and divided perspectives
Faced with these measures, the response of the targeted countries was not long in coming. Canadian Prime Minister Justin Trudeau announced immediate reprisals with a 25 % tax out of 106.5 billion dollars in American products.
China has promised to bring the case before the WTO, while the Mexican president Claudia Sheinbaum ordered the establishment of a “plan B” comprising various retaliatory measures.
In the Crypto community, opinions differ in the long -term implications of this situation. Dan Gambardello, founder of Crypto Capital Venture, minimizes the impact of these measures, stressing that Blackrock continues to accumulate ETH and BTC despite the panic of private investors.
Conversely, Adam Cochran of Cinnaeamhain Ventures warns against the vulnerability of Bitcoin in the face of global economic turbulence.
The current crisis illustrates the growing interaction between traditional markets and cryptos, while the sector evolves in the face of geopolitical tensions. The next few weeks will be decisive to find out if this correction is temporary or a sign of a deeper change of trend. Meanwhile, Donald Trump's return to the White House marks a major break, upsetting American politics in just a week.
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