{"id":111322,"date":"2025-02-03T10:52:07","date_gmt":"2025-02-03T06:52:07","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=111322"},"modified":"2025-02-03T10:52:10","modified_gmt":"2025-02-03T06:52:10","slug":"bitcoin-and-cryptos-plunge-as-trumps-tariffs-stoke-risk-aversion","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bitcoin-and-cryptos-plunge-as-trumps-tariffs-stoke-risk-aversion\/02\/03\/market-updates\/","title":{"rendered":"Bitcoin and Cryptos Plunge as Trump\u2019s Tariffs Stoke Risk Aversion"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><\/h3>\n\n\n\n<p><strong>Cryptocurrency markets tumbled sharply on Monday<\/strong>, as risk appetite took a hit following <strong>U.S. President Donald Trump\u2019s decision to impose new trade tariffs<\/strong> on <strong>China, Canada, and Mexico<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Market Impact:<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Bitcoin (BTC)<\/strong> plummeted <strong>10%<\/strong> to <strong>$91,695.8<\/strong><\/li>\n\n\n\n<li><strong>Ethereum (ETH)<\/strong> slumped <strong>22.7%<\/strong> to <strong>$2,434.84<\/strong><\/li>\n\n\n\n<li><strong>$TRUMP memecoin<\/strong>, launched by Trump in January, hit a <strong>record low of $16.349<\/strong> after a <strong>15% drop<\/strong><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>What Triggered the Sell-off?<\/strong><\/h3>\n\n\n\n<p>The decline in cryptocurrencies mirrored a broader <strong>risk-off move in financial markets<\/strong>, with:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Wall Street futures<\/strong> falling <strong>over 1.5%<\/strong><\/li>\n\n\n\n<li><strong>U.S. dollar surging to a one-month peak<\/strong> as a safe-haven asset<\/li>\n\n\n\n<li><strong>Gold seeing modest gains amid uncertainty<\/strong><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Trade War Fears Weigh on Sentiment<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Trump\u2019s <strong>25% import duties on Canada and Mexico<\/strong> and <strong>10% tariffs on China<\/strong> triggered <strong>retaliatory threats<\/strong> from all three nations<\/li>\n\n\n\n<li>Investors feared <strong>higher inflation<\/strong> and <strong>slower U.S. economic growth<\/strong>, dampening expectations for Federal Reserve <strong>interest rate cuts<\/strong><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Crypto Regulation Hopes Fizzled<\/strong><\/h3>\n\n\n\n<p>While Trump had <strong>signaled a friendlier stance<\/strong> toward crypto regulation, his recent <strong>executive order for a regulatory framework<\/strong> failed to excite the market. Instead, concerns over <strong>macroeconomic uncertainty<\/strong> and <strong>hawkish monetary policy<\/strong> weighed on crypto sentiment.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Looking Ahead:<\/strong><\/h3>\n\n\n\n<p>With global trade tensions rising, <strong>risk-sensitive assets like Bitcoin and Ether<\/strong> could remain volatile. Traders will watch for further geopolitical developments and <strong>any signals from the Federal Reserve<\/strong> regarding its stance on rate cuts amid <strong>inflationary pressures from tariffs<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency markets tumbled sharply on Monday, as risk appetite took a hit following U.S. President Donald Trump\u2019s decision to impose new trade tariffs on China, Canada, and Mexico. Market Impact: Bitcoin (BTC) plummeted 10% to $91,695.8 Ethereum (ETH) slumped 22.7% to $2,434.84 $TRUMP memecoin, launched by Trump in January, hit a record low of $16.349 &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-111322","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\/111322","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=111322"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111322\/revisions"}],"predecessor-version":[{"id":111324,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111322\/revisions\/111324"}],"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=111322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=111322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=111322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}