US President Donald Trump introduced tariffs on major trading partners in Canada, Mexico, and China, dispatching the market and doubting suspicious pictures of the encryption market.
Bitcoin (BTC) dropped to less than $ 100,000 on February 2, and Altcoins, such as XRP (XRP) and Cardano’s ADA (ADA), decreased by more than 17% and 22%, respectively. According to the chain’s SPOT, Trump’s global Liberty finance portfolio has lost more than 20%.
According to BYBIT co -founder and CEO Ben Zhou, the total market liquidation is estimated to be “at least $ 8 billion -$ 10 billion”. The encryption executive said in response to X’s Cointelegraph post.
“BYBIT’s 24 -hour liquidation alone was $ 2.1 billion.”
On February 1, Trump accounted for a 25%additional import tariff in Mexico and Canada, and 10%in China.
Major stock indexes and encryption were overall and the market came out.
Trump said on February 18 that it plans to introduce tariffs on the EU as well as superconductors, oil, gas, steel and copper.
Many people say that investors should buy DIPs, but some analysts point out that the correlation between encryption and traditional markets is increasing, and the incoming tariffs can increase the bitcoin and increase market uncertainty.
Additional tariffs are likely to affect Bitcoin prices.
As Bitcoin adoption increased, the role of assets changed. Traders, investors and lovers still discuss whether Bitcoin is ultimately a risk or risk asset. Risk prices for assets are led by factors such as imports, market sentiment, bank policies and speculations, and risk -off assets serve as a safe refuge at the time of market uncertainty.
Due to the impact of tariffs on the encryption market, many analysts are currently firmly underway to camps that Bitcoin is currently a risky asset and additional market turbulence may have a negative impact on BTC prices.
Encryption and Financial Influors Amit Kukreja said: “Unfortunately, encryption is not a safe shelter. Bitcoin transactions reduce liquidity and global liquidity depending on tariffs. ”
Some cryptocurrencies, such as ether and XRP, showed two -digit losses. source: Coin 360
Economist and merchant Alex Krüger posted on February 3rd. “Bitcoin is mainly a risky asset. This aggressive tariff is very negative for risk assets. And the economy will be hit. ”
According to Krüger, the best hope is that the retaliation of countries aimed at the US tariff is not too high, and that the US and other countries have a common basis and the tariffs can retreat quickly.
When Trump signed the order, he said he was not looking for concessions in Canada, Mexico or China. He told reporters on February 2.
“It’s okay if they want to play the game. We can play all the games they want. ”
His opinion on the EU and perhaps the British tariffs was not particularly reconciled.
“() () () I have a line, but I think it can be solved. But the European Union is terrible what they did. ”
“Violent” Bitcoin price, “We are in war”.
Other market observers believe that the recent deepness of the market is not despised, and the condition of downward pressure on Bitcoin can soon cause weather increase. During the weekend, analysts and encryption Twitterdex repeated the old proverbs of “buying deep” when investors expect additional profits.
relevant: With the fear of global trade war, $ 91.5K Bitcoin floors emphasize economic problems.
André Dragosch, the head of European research at Bitwise, said on February 3 that “overall emotion and positioning is decreasing.”
On the same day, he said that accumulation has already begun to be picked up.
source: Andrera Gosh
Jeff Park, head of Alpha Strategic, Bitwise Invest, predicted that the price of Bitcoin would be “violent”.
Despite the clear final goal of Trump’s tariffs, Park ultimately argued that it is “to seek a multi -level agreement to weaken the dollar.”
According to Park, Trump will also create demand for risky assets such as Bitcoin, the lower the return on the 10 -year treasure combined with the inflation.
“Therefore, both sides of the trade imbalance are two different reasons, but the final results are the same. We are high and violent for we are during the war.”
Krüger, who was not optimistic in his prognosis, said that factors such as the upcoming tax reduction and the deregulation of the American cryptographic industry provided a significant increase in Bitcoin.
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Nevertheless, the situation is still “very dark.” But the probability of going wrong has increased. Especially the latter. As I said a week ago, I took off my long hat. This is the trading market. ”
Trump’s world free finance was not saved in the market selling.
It is clear that cryptocurrency investors feel disillusioned with Trump and the President of Cryptes, or that Trump’s short -term economic strategy can weaken the economy, with higher Bitcoin expecting a record high.
Trump himself told Americans that they would have “some pain.” But he said, “People understand it. But in the long run, the United States was torn by almost all countries in the world. ”
In fact, Trump himself could feel “a little pain.” World Liberty Financial, a decentralized financial protocol of his family, bought a purchase a few hours before his inauguration on January 20. Earlier this week, more than $ 270 million, more than 21%(21%or more) or $ 57 million fell. February 2.
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