Donald Trump's tariff announcement on February 7, 2025, caused turbulence in global financial markets, including cryptocurrencies.
Tariff Announcement and Market Reaction
President Donald Trump's announcement of reciprocal tariffs on February 7, 2025, triggered immediate turbulence across global financial markets, including cryptocurrencies. The policy, suspected to prioritize the European Union, aims to recalibrate U.S. trade relationships. Bitcoin sharply declined, mirroring assets like Solana and Dogecoin.
BTC Withdrawals by Major Investors
Despite short-term instability, large investors are accumulating Bitcoin. Blockchain analyst Ali Martinez reported that over 70,000 BTC left exchanges in the past week, suggesting institutional players view current prices as strategic entry points.
Stabilization and Long-Term Prospects
Recent data reveals cautious optimism. The global crypto market cap rose 1.88% to $3.19 trillion in 24 hours, signaling partial recovery. Bitcoin's price stabilized near $98,000 after initial drops.
These events underscore dual realities for cryptocurrencies: vulnerable to macroeconomic shocks yet increasingly seen as strategic assets. Large investors bet on stabilization after turmoil.
