Currency market is under severe pressure. Slip to below the level of $ 100,000, it was Bitcoin I was beaten due to economic uncertainty US President Donald Trump’s new wave brought him from the definitions. Investors are now ready, as they are anxious as global markets respond to increasing trade tensions.
A tariff that causes anxiety in the market
Trump’s financial markets have shook a tax imposing 25 % tariff On imports from Canada and Mexico as well as a 10 % tariff on Chinese goods. Indeed, the affected countries responded to rapid retaliation that increases the possibility of a complete existence Trade war. Regardless of the high crude oil prices, the stock market reaction was severe, with a clear decrease in futures in the United States.
Bitcoin decreased to the level of 93 thousand dollars
Even Bitcoin, which is often considered a hedge against traditional market fluctuations, was not exempt. The largest encrypted currency decreased The lowest point in three weeksAbout 93,500 dollars. When investors retreated from a reaction to escalating uncertainty, other important digital currencies, such as ethereumAnd he also saw significant decreases.
Current currency sale takes speed
Bitcoin’s low prices accelerate with increased economic uncertainty. Their long -term holders reduce their possessions, according to Glassnode data, which indicate a change in feelings. The market has become more cautious and fearful as analysts warn that further decrease may be imminent.
BTCUSD trading at $93,900 on the daily chart: TradingView.com
Bitcoin investors closely monitor the support level of $ 90,000, with fears that a significant decrease in less may pay prices about $ 80,000. Currently, Bitcoin has decreased by about 15 % of January 20 altitude of $ 109,350. However, experienced merchants view such corrections as usual in the bull market, where the decline of about 30 % was common.
The retreat does not make everyone snack, though. Robert Keusaki, the famous investor and financial author, sees it as an opportunity to buy:
Trump begins tarrifs: gold, silver, bitcoin has crashed. good. You will buy more after the prices are broken. The real problem is the debts … which will get worse. Accidents mean the assets offered for sale. It’s time to get richer.
– Theeralkiyosaki January 31, 2025
The world is preparing for more volatility
The general financial scene feels The crisis. The recently imposed customs duties have put pressure on supply chains, which led to the worst fear of increasing inflation and economic slowdown. Looking at the cautious position of the Federal Reserve with monetary policy, investors are at risk of extreme volatility in the coming weeks.
Canada and Mexico have already announced anti -Trams definitions, and China has glimpsed to potential economic revenge. Market experts believe that if tensions continue to escalate, risk assets, including bitcoin, may see more decreases before stability.
Distinctive image from Gemini Imagen, the tradingvief chart