Bitcoin is down 10%+ to ~$76K after President Trump's global tariffs, far below its record price of nearly $110K on Trump's inauguration on January 20, 2025
The rapid drop shows that cryptocurrencies, which the president has promoted, are subject to the same market gyrations as any other risky asset.
New York Times David Yaffe-Bellany
Related Coverage
- Volume 228: Digital Asset Fund Flows Weekly Report CoinShares Research Blog
- Bitcoin Price Breaks Below $75,000 as Global Tariff War Roils Risk Assets Decrypt
- Bitcoin briefly tops $81k after rumors of Trump pausing tariffs crypto.news
- Bitcoin is down 10% since Donald Trump's global tariff announcement The Economic Times
- Bitcoin, Crypto Stocks Fall as Tariff Fears Grip Markets Yahoo Finance
- Bitcoin Price Drops to 4-Month Lows—Could It Fall to $70K? Top Analyst Weighs In! Coinpedia Fintech News
- Bitcoin's crash to $74,700 means markets will get ugly, says Standard Chartered DL News
- Bitcoin stumbles as Donald Trump's tariffs rattle crypto markets Times of India
Discussion
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@tier10k
@tier10k
on x
Good place to start filling long-term bags (with non-perishable food, ammo and medical supplies)
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@apompliano
Anthony Pompliano
on x
There are only two times I can remember the consensus view being this offsides as it is with tariffs: 1. Everyone thinking bitcoin was worthless pre-2019 2. Everyone thinking inflation wouldn't be a problem after printing trillions of dollars during the pandemic How can you
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@bitcoinpierre
Pierre Rochard
on x
They said tariffs would cause inflation, but bitcoin is now more affordable. The experts are always wrong.
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@rnr_0
Romano
on x
Just checked ETH Fell for it again didn't you?
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@tyler
Tyler Winklevoss
on x
For the first time in history, bitcoin is not moving in lockstep with the stock market. It's now behaving like a hedge to geopolitical uncertainty. When the stock market plunged during Covid, so did bitcoin. And this was always case over the last 10+ yrs. But not this time.
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@deedydas
Deedy
on x
Margin call Monday is upon us! Many public market investors borrowed so much money and are overleveraged. In the last 48hrs since the Trump tariffs, SP500 and Bitcoin are both down 10%+. This may force them to sell triggering a vicious downward spiral. Markets may be very red.
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@jacobkinge
Jacob King
on x
Bitcoin isn't tanking because of tariffs. It's collapsing because the U.S. government is quietly about to unleash new HARSH stablecoin regulations that will obliterate Tether—erasing it from existence. It's about time. For those who aren't aware, Tether props up nearly 85%+ of [i…
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@choffstein
@choffstein
on x
waiting for the bitcoin bros to argue that by having as asset that sells no goods or services and zero future cash flow actually makes it immune to tariff-based market shocks