Bitcoin Loses $100K Mark as Trump Pushes New Tariffs
- Bitcoin breaks $100K support
- Geopolitical impact on cryptocurrencies
- Altcoins record sharp losses
In the last few hours, the cryptocurrency market has faced a significant drop, with Bitcoin (BTC) losing the psychological $100.000 mark. At the time of publication, the price of Bitcoin was quoted at $98.644,22 with a drop of 3,5% in the last 24 hours.
Similarly, most major altcoins witnessed declines today. Ethereum (ETH) appears to be eyeing a breakout of the $3.000 support, while the bears are attempting to push XRP below $2,75, which has lost nearly 8%. Solana is close to the important $200 support. Meanwhile, Cardano (ADA) is still close to the $0,85 zone and is down almost 8%.
Why the Cryptocurrency Market is Down Today
The cryptocurrency market crash comes amid geopolitical uncertainty, fueled recently by decisions by US President Donald Trump. Trump signed executive orders imposing steep tariffs on imports from China, Mexico and Canada, which has shaken not only traditional markets but also the cryptocurrency sector.
Bitcoin initially appeared resilient, recovering from a drop from $105.000 to $98.000, returning to highs of $106.500 after the Federal Reserve left interest rates unchanged. However, the momentum was short-lived. After being rejected at $106.500, BTC retreated to $101.500 and eventually fell below $100.000, reaching a low of $98.150 on Binance. This price level is now being tested again, in a clear sign that investors are reassessing their positions in light of the new economic landscape.
Trump's imposition of tariffs has resulted in retaliation from Mexico and Canada, and an aggressive reaction from China, which has announced its intention to sue the United States at the World Trade Organization.
While BTC is down nearly 4%, other cryptocurrencies are feeling the impact even more. Virtuals Protocol (VIRTUAL) led the losses with a 17,3% drop in value, now trading at $1,59, followed by Hyperliquid (HYPE) which fell 14,7% to $22,44. JasmyCoin (JASMY) also saw a 14,3% drop, currently priced at $0,02754. Raydium (RAY) and Theta Network (THETA) declined 13,8% and 12,5%, respectively, while Bonk (BONK) saw a 12,3% drop.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More








