‘A tidal wave of fear’ – Trump Tariffs Fuel Price Accident Fear of Bitcoin, Ethereum, XRP and Krypto

02/03 Update below. This post was originally published on February 2nd

Bitcoin and crypto prices have stopped after rising higher after Donald Trump’s US presidential victory – with fear of suddenly emerging that the $ 4 trillion crypto bubble could be popping.

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The Bitcoin price has risen to almost $ 110,000 per year. Bitcoin, aided by Elon Musk’s leaked plans for crypto in the White House.

As a legendary Bitcoin business now warns of a threatening “financial crisis”, Federal Reserve -President Jerome Powell has thrown the door up to Wall Street to further adopt Bitcoin and Crypto.

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ForbesLeaking reveals Trump feared to fuel to a ‘dangerous’ Bitcoin and cryptoblesBy Billy Bambrough

“Banks are perfectly capable of operating crypto customers as long as they can understand and service the risk,” Powell said At a press conference this week after the fat paused his interest rate price cycle.

Wall Street Bank’s “Must Be Really Sure” that their Bitcoin and Crypto activities are “safe and healthy”, Powell added.

02/03 Update: Crypto prices have taken a big step lower as they dry out around $ 300 billion from the combined market that has been severely affected by the rapid escalating trade war caused by US President Donald Trump’s volley on goods entering the United States from China, Canada and Mexico.

The tariffs, which come into effect Tuesday morning, have also hit global stock markets with investors fighting the prospect of tighter trade conditions.

“A tidal wave of fear, uncertainty and doubt (FUD) has been detached over the cryptocurrency market after US President Donald Trump’s Friday Customs Notice,” said Petr Kozyakov, CEO Crypto Payment Platform Mercuryo, IE -Mail comments.

“The prospect of long -term higher interest rates has rattled all global markets. While Bitcoin has fallen below the $ 100,000 mark, the king of crypto again proves to be in its own class in marked contrast to altcoins bleeding dark red everywhere. “

Bitcoin fell overnight to just over $ 91,000, down nearly 10% to the lowest before rebounded to about $ 95,000. Other major cryptocurrencies have seen long steeper falls, with Ethereum down about 20%before recovering a little and Ripple’s XRP and Ethereum -Rivalizing Cardano trade around similar levels.

Solana, Ethereum’s biggest rival, has done better, off with only 6% and worsened fear among Ethereum -holders that it could seize the Altcoin krone.

However, Crypto Traders has cheered analysis from Bitwise’s Investment Guru Jeff Park, Sent To X, who has outlined his dissertation on why the upcoming trade war could be good for Bitcoin.

“Tariffs may be just a temporary tool, but the permanent conclusion is that Bitcoin not only goes higher – but faster,” Park wrote, adding, “While both sides of trade imbalance equation will have bitcoin for two different reasons, the end is the result is the same: higher, fiercely faster – for we are at war.

Wall Street Giants, led by the world’s largest asset manager Blackrock, has leaned into Bitcoin and Krypto in the last year with a fleet of Spot Bitcoin exchange traded funds (ETFs), which helps to normalize Bitcoin and Krypto among the financial establishment .

Powell’s comments mark a big shift in mood under Trump from the former Biden administration that was hostile to crypto.

During the bite, Bitcoin and Crypto Companies complained about an unofficial policy of “wiping out” them, cutting off basic financial services and making it impossible to operate – which was known as “Operation choke point 2.0” cut off industries that are assumed to have a high risk of fraud and money laundering.

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ForbesLeaking reveals that Musk’s DODE could be about to trigger a Bitcoin-inspired price game-changerBy Billy Bambrough

Trump’s adoption of Bitcoin and Crypto-Started with his non-spurious Token (NFT) collections that grow in support of an American Bitcoin-national warehouses and culminated with the launch of a controversial Trump-Branded Memecoin-Has led to regulators and governmental Agencies that turned their resistance to the technology.

Meanwhile, Trump has followed through with his campaign promise to put steep tariffs on goods coming into the United States from Canada, Mexico and China, having set the stage for a trade war that could spread around the world.

Trump’s executive order will impose 25% tariffs from Canada and Mexico with a 10% duty on Canadian energy and oil and an additional 10% duty on China, which comes into force on Tuesday morning.

“Gold, silver, Bitcoin can go down,” Robert Kiyosaki, Investor and Author of Consulting Book Rich father poor fatherAt Sent to X, pointing to Trump’s duty as the catalyst. “Good. Will buy more after prices go down. The real problem is debt that only gets worse. Crashes mean assets are for sale. Time to get richer.”