{"id":20844,"date":"2025-02-02T11:29:02","date_gmt":"2025-02-02T09:29:02","guid":{"rendered":"https:\/\/forklog.com\/en\/trumps-tariffs-trigger-bitcoin-market-correction\/"},"modified":"2025-02-02T11:29:02","modified_gmt":"2025-02-02T09:29:02","slug":"trumps-tariffs-trigger-bitcoin-market-correction","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/trumps-tariffs-trigger-bitcoin-market-correction\/","title":{"rendered":"Trump’s Tariffs Trigger Bitcoin Market Correction"},"content":{"rendered":"

On February 2, the leading cryptocurrency fell below $100,000 following the imposition of import tariffs by U.S. President Donald Trump on goods from China, Canada, and Mexico.<\/p>\n

\"BTCUSDT_2025-02-02_11-19-22\"
15-minute BTC\/USDT chart from Binance. Data: TradingView<\/a>.<\/figcaption><\/figure>\n

The main decline began around 3:00\/4:00 (Kyiv\/MSK), with Bitcoin recovering by morning, only to later breach the psychological level again.<\/p>\n

According to Coinglass<\/a>, the crypto market saw $540 million in liquidations over the past 24 hours, with $482 million in long positions.<\/p>\n

\"Others-1\"
Liquidation map. Data: Coinglass.<\/figcaption><\/figure>\n

A significant portion of the forced closures involved low-cap altcoins categorized as “others.”<\/p>\n

Major digital assets also experienced declines. Ethereum fell below $3100, dropping 6.6% over the day.\u00a0<\/p>\n

\"Snimok-ekrana-2025-02-02-v-10.46.36\"
Data: CoinGecko<\/a>.<\/figcaption><\/figure>\n

SOL and DOGE were hit hardest, losing 17.5% and 14.1% respectively. ADA dropped 9.8%, retreating to $0.88.<\/p>\n

U.S. Tariffs and International Responses<\/strong><\/h2>\n

According to a White House statement<\/a> from February 1, “Trump imposes a 25% additional tariff on imports from Canada and Mexico and a 10% additional tariff on imports from China.”<\/p>\n

\n

pic.twitter.com\/SWZtSm6NMX<\/a><\/p>\n

\u2014 Donald J. Trump (@realDonaldTrump) February 1, 2025<\/a><\/p><\/blockquote>\n