- Trump threatens 100% Russia tariffs. Bitcoin-reactivity noted with pricing shift.
- BTC drops below $120,000 after ATH $123,091.
- Heightened trading after Trump’s tariff remarks seen in crypto markets.
Bitcoin fell below $120,000 following President Donald Trump’s threat to impose 100% tariffs on Russia if their conflict with Ukraine persists. This announcement led to market volatility and a notable dip in BTC’s previously record-high price.
Geopolitical tensions impact cryptocurrency markets, notably Bitcoin, following Trump’s tariff threat against Russia. This reaction highlights speculative behaviors amid uncertainty.
Trump threatened 100% tariffs on Russia to end the Ukraine conflict. Consequently, Bitcoin’s price dropped below $120,000. Trump also signaled U.S. readiness to send additional air-defense systems to Ukraine. Market reactions included a 3.87% increase in BTC futures open interest. Trade volumes increase during geopolitical tensions often brings volatility to crypto prices. Data from CryptoQuant pointed to exchange netflow spikes, hinting at profit-taking. Financial impacts include a temporary BTC pullback but no major selloff. The lack of notable sentiment from major crypto figures signals limited direct commentary on this. Geopolitical events historically trigger price shifts, especially for macro-sensitive cryptocurrencies.
“I don’t think we have any choice, but we have to impose those tariffs, especially if the war with Ukraine does not cease within 50 days.” — Donald Trump
Potential legislative activities in the crypto sector might stimulate market optimism and price recovery. Speculation persists about BTC’s ability to approach a new ATH of $136,000. Industry anticipation may drive both short-term market volatility and long-term investment strategies.
