The crypto market experienced a harsh decline with US President Donald Trump’s announcement of new trade tariffs. Bitcoin, below $ 101,600, while XRP and Dgecoin rapidly lost value. Market analysts predict that this development may affect liquidity flow and Bitcoin may decrease to $ 100,000 in the coming days.
Bitcoin crashed! Trump’s tax decision shook the crypto market
The crypto market experienced a harsh decline with US President Donald Trump’s announcement of new trade tariffs. Bitcoin, below $ 101,600, while XRP and Dgecoin rapidly lost value.
Market analysts predict that this development may affect liquidity flow and Bitcoin may decrease to $ 100,000 in the coming days.
Why are crypto currencies fall?
White House spokesman Karoline Leavitt announced that the Trump administration will bring new taxes to imports from China, Mexico and Canada. These tariffs, which will be applied for 10 %for China and 25 %for Mexico and Canada, can slow down capital flows.
Uncertainty in the markets distances investors from risky assets. Bitwise Investment Strategist Juan Leon said that protective customs tariffs tend to slow down the flow in the capital markets, and investors are worried that this may reduce the liquidity to alternative investments.
The future of the crypton: Does Bitcoin fall below $ 100,000?
Bitcoin had recovered during the week and approached $ 108,000. However, Trump’s trade policies caused a harsh withdrawal in the markets. According to the analysts of the Japanese crypto exchange Bitbank, Bitcoin may fall up to $ 100,000 next week.
Analyst Yiyya Hasegawa:
Trump’s enthusiasm for starting office is now behind. Now the market’s eye is in US inflation data and employment report. Recently, inflation has followed a stubborn course, which can put pressure on crypto markets.
he said.
Altcoins are also losing blood
The decline in Bitcoin also affected subcoins negatively. XRP decreased by 3 %to 3.04 dollars and solana decreased by 4 %to $ 230. Dogecoin fell rapidly after the news and fell to $ 0.327. However, Ethereum, unlike the market increased to $ 3.315 and recorded 2 %. Analysts say that Ethereum is more resistant than other subcoins because of the strong institutional demand.
Crypto markets continue to follow a course that is sensitive to the economic policies of the Trump administration. Inflation and employment data to be announced next week can be a critical turning point for Bitcoin and subcoins.
