Since Donald Trump became president, Bitcoin has experienced significant fluctuations. US tariff wars and trade partner reactions have heavily impacted the cryptocurrency market.
Impact of Tariffs on Bitcoin Price
Bitcoin fluctuated from record highs of $109,000 to below $78,000 in the early months of Trump's presidency. This was triggered by major US tariff announcements and retaliatory moves by trade partners. Global markets also experienced significant volatility.
Tariff Wars and Their Consequences
On February 1, 2025, Trump signed an executive order enforcing a 10% tariff on Chinese goods and 25% on Canadian and Mexican goods. This caused Bitcoin to fall below $93,000. Trade tensions with Colombia also influenced the fluctuations.
The rise of Chinese AI firm DeepSeek added to market concerns. Events like the Bybit hack further fueled instability.
Outlook and Consequences
By March, optimism started to return despite mixed signals. Reports of a possible strategic Bitcoin reserve caused a temporary rally. However, the future remains uncertain. With 'Liberation Day' approaching on April 2, markets stay on edge. Experts anticipate potential economic impacts and monitor Bitcoin's correlation with traditional markets.
Donald Trump's tariff wars have significantly impacted global markets and Bitcoin's price. Experts continue to analyze the situation, anticipating changes in the economy.
