Bitcoin's recent drop below $100,000 is closely tied to the announcement of new US tariffs on imports from Canada, Mexico, and China, which sparked fears of economic instability and inflation. On January 31, 2025, the US government imposed a 25% tariff on Canadian and Mexican goods and a 10% tariff on Chinese imports. These trade tensions have rattled global markets, leading investors to shift toward traditional safe-haven assets like gold and bonds, away from riskier investments such as Bitcoin. Historically viewed as a hedge against inflation, Bitcoin’s performance remains uncertain due to its high volatility and sensitivity to macroeconomic factors. The renewed tariff conflict has prompted speculation about future interest rate hikes, further dampening market sentiment. Analysts warn that while Bitcoin holds long-term potential, current economic turbulence presents significant short-term challenges for the cryptocurrency market.
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Bitcoin Slumps to $97K: Impact of US Tariff War on Cryptocurrency Prices
US tariff policies spark market uncertainty, causing Bitcoin to dip below $100K The Impact of US Tariff Policies on Bitcoin and Global Mar...
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