It was not the first time Bitcoin had fallen sharply following a tariff announcement. In April, Trump’s earlier trade measures spurred fears of a global recession, leading to another steep sell-off. On February 1, when Trump signed an executive order imposing tariffs on goods from China, Canada, and Mexico, below $100,000.
The pattern shows a clear correlation between geopolitical tension and Bitcoin’s immediate price behavior. Each major policy shock has prompted rapid declines, followed by eventual stabilization. Yet, analysts note that such drawdowns often reset the market, clearing excess leverage before new rallies form.
At press time, CoinMarketCap data showed at $112,448, down 7.54% in the past 24 hours. The asset’s market cap stood at $2.24 trillion, while trading volume soared by 185% to $203.49 billion, indicating heightened investor activity despite uncertainty.