Bitcoin falls to $96.8K as Trump tariffs spook markets

[God Of Thunder]

If you are wondering why the crypto market is crashing again, here is what happened yesterday. According to the coin telegraph,

Bitcoin (BTC) fell below the $100,000 level on Feb. 2 after US President Donald Trump imposed tariffs on goods imported from China, Canada, and Mexico on Feb. 1. Increased import tariffs could boost inflation, risking higher interest rates. That could, in turn, result in a risk-off sentiment, hurting cryptocurrency prices.

Bitget Research chief analyst Ryan Lee expects Bitcoin to correct to $95,000, which is a critical support according to him. Some analysts view the current dip as a potential bear trap. Popular analyst Aksel Kibar wrote in a post on X that panic and crash forecasts after every 1% correction do not signal a market top.

You can read more here; https://cointelegraph.com/news/bitcoin-falls-to-96-8-k-as-trump-tariffs-spook-markets-om-xmr-mnt-gt-show-promise

[electronicash]

no other big news that we can connect to as to why the market was dumping but Trumps tariff war. as soon as the day he imposed it, there was a massive drop of price, everyone speculated this must be related to what Trump does and it must be true as he is the Bitcoin President.

if there were just few more things that people are expecting to happen, and didn't happen then it might just be the reason too. But Trump game much power to Elon which I think Elon may also be manipulating this market as he did in the past. a bear trap would make sense for people who gave importance to crypto than gold.

[philipma1957]

no other big news that we can connect to as to why the market was dumping but Trumps tariff war. as soon as the day he imposed it, there was a massive drop of price, everyone speculated this must be related to what Trump does and it must be true as he is the Bitcoin President.

if there were just few more things that people are expecting to happen, and didn't happen then it might just be the reason too. But Trump game much power to Elon which I think Elon may also be manipulating this market as he did in the past. a bear trap would make sense for people who gave importance to crypto than gold.

The musky trumpeter is still behind Joe Biden.

Thats right BTCs all time high was on Joe Bidens last day of office.

So until BTC tops 109.5k trump is a loser to sleepy joe.   Remember trump never beat sleepy joe.

Joe is and has never lost to trumo.

[TomPluz]

One thing for sure: while we experienced the positive trump Effect for the past many months even before his election as POTUS, we are now also experiencing the other side of the coin the - negative Trump Effect. And this is because Trump is now so connected with Bitcoin...this thing would not have happened if Trump did not embrace Bitcoin or maybe if Harris won the election.  Trump has been the gift to the Bitcoin market that keeps on giving and now he is also the factor for taking back part what the market has gained. Still, overall, I am sure that soon there will be many good news coming from the Trump administration that can prop up the price of Bitcoin to the top. February is still too early to talk and feel the possibility of a bear market taking over the bulls away.

[God Of Thunder]

no other big news that we can connect to as to why the market was dumping but Trumps tariff war. as soon as the day he imposed it, there was a massive drop of price, everyone speculated this must be related to what Trump does and it must be true as he is the Bitcoin President.

If the global market gets affected due to this tariff, then it is understandable that the crypto market will be affected as well. More tariffs mean more tax, more inflation, and people get scared of it. I don't consider him as Bitcoin president. He cannot decide what will happen to Bitcoin. As you may know, he was a Bitcoin hater and nothing happened to Bitcoin.

Even if he bans Bitcoin from now on, the market will be affected for some time, and then everything will be recovered over the time. Bitcoin is good without trump.

[philipma1957]

no other big news that we can connect to as to why the market was dumping but Trumps tariff war. as soon as the day he imposed it, there was a massive drop of price, everyone speculated this must be related to what Trump does and it must be true as he is the Bitcoin President.

If the global market gets affected due to this tariff, then it is understandable that the crypto market will be affected as well. More tariffs mean more tax, more inflation, and people get scared of it. I don't consider him as Bitcoin president. He cannot decide what will happen to Bitcoin. As you may know, he was a Bitcoin hater and nothing happened to Bitcoin.

Even if he bans Bitcoin from now on, the market will be affected for some time, and then everything will be recovered over the time. Bitcoin is good without trump.

but the musky trumpeter blows his horn on a daily
basis to shake shit up. he is capable of a lot of damage with his horn tooting.

I may go more defensive and hodl more cash less coins.

[yhiaali3]

This is what I don't like, linking Bitcoin to any person, president, country, institution or entity is a big mistake, this is exactly what Satoshi wanted, he wanted to invent something that is completely decentralized and not linked to any economy, country or entity.

Now don't say that Bitcoin has become centralized and linked to Trump, but sooner or later we will move towards centralization at a slow pace, if Trump or the United States or Elon Musk is the one who determines the path of Bitcoin, this means that we are approaching centralization and moving away from decentralization.

[zeeMN]

Someone has to say it, this Trump everyone was so hyped about is now doing more harm to the crypto markets than the good we expected.

And even the current lows we experiencing, am going to pin it on him as his always leaving the seed of fear in people and what happens next is a bearish market.

[Stompix]

February > Bitcoin falls to $96.8K as Trump tariffs spook markets
March > Bitcoin falls to $76.4K as Trump tariffs spook markets

Let's see what happens in April, as this guy is bent on bleeding us out with his winning.

and it must be true as he is the Bitcoin President.

How is life under the new Bitcoin President?
I don't have enough storage on my HDDs for all the good news and price jumps we had since he took office.
Neither have I for all the sarcasm needed.

[philipma1957]

This is what I don't like, linking Bitcoin to any person, president, country, institution or entity is a big mistake, this is exactly what Satoshi wanted, he wanted to invent something that is completely decentralized and not linked to any economy, country or entity.

Now don't say that Bitcoin has become centralized and linked to Trump, but sooner or later we will move towards centralization at a slow pace, if Trump or the United States or Elon Musk is the one who determines the path of Bitcoin, this means that we are approaching centralization and moving away from decentralization.

Look trump is a world market mover.

Last person that moved the world markets as much as trump will move them was hitler.

Does this mean trump is bad like Hitler was bad no. It means trump's actions will shift the world as much as hitler's


I would like to think the shift will not be as negative as world war II was.

Too soon to know the outcome of his moves.

Get ready for dip.

[Amphenomenon]

Too soon to know the outcome of his moves.

Get ready for dip.

To be frank this is annoying, I think all he is doing all these just to acquire more bitcoin at lower value. To be honest soon the amount of influence both him and his team as on bitcoin will reduced. People will soon not be swayed by them this easily, the market sentiments will be more balanced. I remember when Elon was still having a really huge influence in the crypto market but now not as before especially in regards to bitcoin.

Trump would make America economy great again but I think his approach would be like the one that best suits him as a business man that he is.

[philipma1957]

Too soon to know the outcome of his moves.

Get ready for dip.

To be frank this is annoying, I think all he is doing all these just to acquire more bitcoin at lower value. To be honest soon the amount of influence both him and his team as on bitcoin will reduced. People will soon not be swayed by them this easily, the market sentiments will be more balanced. I remember when Elon was still having a really huge influence in the crypto market but now not as before especially in regards to bitcoin.

Trump would make America economy great again but I think his approach would be like the one that best suits him as a business man that he is.

hey most every major stock market is being touched by his actions.

I made a lot of defensive moves in January and last year in case this happened but some of his moves are really nerve wracking.

My wife and I worked over a combined 40 years for the federal government and I am now worrying about my pension more than anything else.

[Stompix]

To be frank this is annoying, I think all he is doing all these just to acquire more bitcoin at lower value.

You give the idiot too much credit.
He's is doing so because he wants to hurt everyone, if he were such a financial genius he wouldn't have bankrupted 4 casinos!

Besides, he's scamming a ton of users already with his tokens, and his next scam is just around the corner with USD1!

[Lucius]

~snip~
Trump would make America economy great again but I think his approach would be like the one that best suits him as a business man that he is.

What movie will we see this in? I don't believe that something like that could happen in reality, because besides the fact that the man is clearly lost in space and time, he and his clowns have more than obvious dangerous intentions not only towards the world, but also towards the US. 

A policy that says one thing today, something completely different tomorrow, and then does something that is neither of those is not only destructive, but especially dangerous for everyone. How do you expect America to be great again (whatever that means), if you have literally declared a trade war on all allies, and you are also questioning their independence and statehood?

~snip~
Besides, he's scamming a ton of users already with his tokens, and his next scam is just around the corner with USD1!

Do you think the mob will fall for the same trick again? I honestly did not think that I would experience the US president and the first lady participating in crypto scams, but these are really times when incredible things happen in a negative context, of course.

[philipma1957]

~snip~
Trump would make America economy great again but I think his approach would be like the one that best suits him as a business man that he is.

What movie will we see this in? I don't believe that something like that could happen in reality, because besides the fact that the man is clearly lost in space and time, he and his clowns have more than obvious dangerous intentions not only towards the world, but also towards the US. 

A policy that says one thing today, something completely different tomorrow, and then does something that is neither of those is not only destructive, but especially dangerous for everyone. How do you expect America to be great again (whatever that means), if you have literally declared a trade war on all allies, and you are also questioning their independence and statehood?

~snip~
Besides, he's scamming a ton of users already with his tokens, and his next scam is just around the corner with USD1!

Do you think the mob will fall for the same trick again? I honestly did not think that I would experience the US president and the first lady participating in crypto scams, but these are really times when incredible things happen in a negative context, of course.

Well at least I am 68 and have had a nice long 39 year marriage cause I think all this shit could going really sideways for quite a few people.

1) the world is melting the icecaps.
2) Alaska Russia Canada Norway Iceland border the arctic ocean
3) Trump wants Canada and Iceland in the USA pocket.

that is not fake news it is pretty much going to stick around for a while and could turn really bad for a lot of people.

the tariffs kick in on the 2nd so lets see just how bad it is for us.


back to 1 2 and 3 if that all happens it fucks

India Pakistan Bangladesh at best it is a push for China.

To me this looks like his play and I think it is going to hurt a lot of people. Myself included.