Market Sell-Off: Bitcoin Tumbles as Trump’s Tariffs Trigger Uncertainty
Bitcoin and other leading cryptocurrencies experienced sharp declines on Monday following the surge of U.S. trade tensions, leading to a broad market sell-off.
Market Reaction Across Cryptocurrencies
🔻 Bitcoin diminished by 2.5%, landing at $96,749 with an intraday low hitting $91,690, its nadir in three weeks.
🔻 Ethereum fell 18% to $2,567.26, marking a significant drop to levels not seen since early November.
Reasons Behind Crypto Withdrawals
- Trump’s tariffs (25% for Mexico and Canada, 10% for China) raising inflation concerns.
- Risk-off sentiment leading investors to divest from precarious assets, inclusive of cryptocurrencies.
- Macroeconomic uncertainty influencing liquidity for digital assets.
What Analysts Are Saying
Ran Yi from Orderly Network remarks, “Crypto markets have weathered far greater disruptions and will continue to adapt as global financial conditions transform.”
Keeping Track of Crypto Trends
💡 Crypto Currency Free API – Get live updates on Bitcoin and Ethereum price shifts.
💡 Commodities API – Compare crypto trends with traditional inflation-sensitive assets like gold and oil.
Given the increasing uncertainties, cryptocurrency investors should remain vigilant and carefully monitor macroeconomic signals in the coming weeks.