{"id":111275,"date":"2025-01-31T11:34:30","date_gmt":"2025-01-31T07:34:30","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=111275"},"modified":"2025-01-31T11:34:32","modified_gmt":"2025-01-31T07:34:32","slug":"bitcoin-slips-as-trumps-tariff-threats-weigh-on-risk-appetite","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bitcoin-slips-as-trumps-tariff-threats-weigh-on-risk-appetite\/01\/31\/market-updates\/","title":{"rendered":"Bitcoin Slips as Trump\u2019s Tariff Threats Weigh on Risk Appetite"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><\/h3>\n\n\n\n<p>Bitcoin edged lower on <strong>Friday<\/strong>, facing <strong>a muted weekly performance<\/strong> as investor sentiment remained cautious over <strong>U.S. trade tariffs under President Donald Trump<\/strong>. The market also awaited key <strong>PCE inflation data<\/strong>, which could shape expectations for <strong>Federal Reserve interest rate policy<\/strong>.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bitcoin (BTC)<\/strong> fell <strong>1.1%<\/strong> to <strong>$104,379.6<\/strong> by <strong>00:33 ET (05:33 GMT)<\/strong>.<\/li>\n\n\n\n<li>The cryptocurrency <strong>traded between $100,000 and $105,000<\/strong> over the past three days after rebounding from an earlier slump.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Key Market Drivers<\/strong><\/h3>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>1. Trump\u2019s Trade Tariff Threats Hit Risk Markets<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Trump <strong>threatened 100% tariffs<\/strong> on <strong>BRICS nations<\/strong>, warning against their efforts to establish an <strong>alternative currency<\/strong> to the <strong>U.S. dollar<\/strong>.<\/li>\n\n\n\n<li>He also confirmed that his <strong>25% tariffs on Canada and Mexico<\/strong> will take effect <strong>on Saturday<\/strong>.<\/li>\n\n\n\n<li>A <strong>10% duty on Chinese imports<\/strong> could also be imposed <strong>this weekend<\/strong>.<\/li>\n\n\n\n<li>The <strong>threat of a global trade war<\/strong> weighed on investor sentiment, leading to <strong>risk aversion in crypto markets<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>2. Wild Bitcoin Price Swings<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Bitcoin initially <strong>dropped below $100,000<\/strong> earlier this week after China released a <strong>new AI model<\/strong>, sparking a <strong>broader risk-off sentiment<\/strong> in global markets.<\/li>\n\n\n\n<li>However, <strong>strong buying interest<\/strong> helped Bitcoin <strong>rebound<\/strong>, though it remained within a <strong>narrow trading range<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>3. El Salvador\u2019s Bitcoin Law Amendment Under IMF Deal<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>El Salvador\u2019s lawmakers <strong>scaled back the country&#8217;s Bitcoin law<\/strong>, making Bitcoin acceptance <strong>voluntary for the private sector<\/strong>.<\/li>\n\n\n\n<li>This move was part of a <strong>$1.4 billion funding deal with the IMF<\/strong>, which had raised concerns over <strong>El Salvador\u2019s Bitcoin-backed economic policies<\/strong>.<\/li>\n\n\n\n<li>The change allows the country to <strong>access IMF relief<\/strong>, but it <strong>dampened optimism over Bitcoin\u2019s role in national economies<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>4. Altcoins and Broader Crypto Market Trends<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Ethereum (ETH)<\/strong> rose <strong>1.6%<\/strong> to <strong>$3,243.87<\/strong>.<\/li>\n\n\n\n<li><strong>XRP<\/strong> fell <strong>1%<\/strong> to <strong>$3.0866<\/strong>.<\/li>\n\n\n\n<li><strong>Trump-themed memecoin ($TRUMP)<\/strong> slid <strong>7.2%<\/strong>, down <strong>60% from its post-launch peak<\/strong>.<\/li>\n\n\n\n<li><strong>Solana (SOL), Cardano (ADA), and Polygon (MATIC)<\/strong> traded <strong>flat to lower<\/strong>.<\/li>\n\n\n\n<li><strong>Dogecoin (DOGE)<\/strong> dropped <strong>1.2%<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>5. PCE Inflation Data in Focus<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Traders await <strong>December\u2019s Personal Consumption Expenditures (PCE) price index<\/strong>, the <strong>Fed\u2019s preferred inflation gauge<\/strong>.<\/li>\n\n\n\n<li>The <strong>Federal Reserve kept interest rates steady<\/strong> this week but <strong>signaled a cautious approach to rate cuts<\/strong>, citing <strong>persistent inflation risks<\/strong>.<\/li>\n\n\n\n<li>A <strong>higher-than-expected PCE reading<\/strong> could <strong>reduce expectations for near-term rate cuts<\/strong>, potentially <strong>impacting Bitcoin and risk assets<\/strong>.<\/li>\n\n\n\n<li><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin edged lower on Friday, facing a muted weekly performance as investor sentiment remained cautious over U.S. trade tariffs under President Donald Trump. The market also awaited key PCE inflation data, which could shape expectations for Federal Reserve interest rate policy. Bitcoin (BTC) fell 1.1% to $104,379.6 by 00:33 ET (05:33 GMT). The cryptocurrency traded &hellip;<\/p>\n","protected":false},"author":9,"featured_media":68662,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,36],"tags":[6904,8060],"class_list":["post-111275","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-market-updates","tag-bitcoin","tag-profit-taking"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=111275"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111275\/revisions"}],"predecessor-version":[{"id":111277,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111275\/revisions\/111277"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/68662"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=111275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=111275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=111275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}