{"id":46562,"date":"2025-02-03T12:43:30","date_gmt":"2025-02-03T12:43:30","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-tumbles-to-92k-as-geopolitical-headwinds-roil-markets\/"},"modified":"2025-02-03T12:43:30","modified_gmt":"2025-02-03T12:43:30","slug":"bitcoin-tumbles-to-92k-as-geopolitical-headwinds-roil-markets","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-tumbles-to-92k-as-geopolitical-headwinds-roil-markets\/","title":{"rendered":"Bitcoin Tumbles to $92k as Geopolitical Headwinds Roil Markets"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/02\/Designer-3-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/02\/Designer-3-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/02\/Designer-3-smartcrop-750x375.jpeg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/02\/Designer-3-smartcrop-363x181.jpeg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Bitcoin fell 4.72% over the weekend and another 3.50% during Monday\u2019s Asian session as tensions driven by Trump\u2019s tariffs have investors derisking their positions.<\/li>\n<li>Over the weekend, China responded to Trump\u2019s tariffs by indicating interest in imposing tariffs on US goods, while Canada imposed a 25% tariff on CA$155 billion worth of US goods.<\/li>\n<\/ul>\n<p>Bitcoin tumbled below $100,000 over the weekend, extending losses into today as threats of a possible trade war rock markets worldwide.<\/p>\n<p><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone size-full wp-image-267561\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/02\/Bitcoin-CG.png\" alt=\"\" width=\"2048\" height=\"1023\"\/><\/p>\n<p>While most of Bitcoin\u2019s price decline came this weekend, weakness began when its price failed to swing higher than the $108,000 level two weeks ago (Jan. 20).<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone size-full wp-image-267564\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/02\/BTCUSD_2025-1.png\" alt=\"\" width=\"2048\" height=\"1137\"\/><\/p>\n<p>A failure to swing higher can signify insufficient buy pressure to push prices higher. If that is the case, prices will seek the next major liquidity level, which could mean lower prices in the interim, as seen over the last two weeks.<\/p>\n<p>Scaling down to a lower time frame, price continued to break lower below $99,000 before retracing to an internal supply zone between the 50.00% and 61.80% Fibonacci levels (the golden zone for retracements) on Thursday, Jan. 30.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone size-full wp-image-267563\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/02\/BTCUSD_2025-II.png\" alt=\"\" width=\"2048\" height=\"1084\"\/><\/p>\n<p>After being rejected by internal supply, the price broke down further on Friday, Jan. 31, and over the weekend to settle at the next major demand level, between $92,000 and $96,000.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone size-full wp-image-267562\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/02\/BTCUSD_2025-III.png\" alt=\"\" width=\"2048\" height=\"1081\"\/><\/p>\n<p>Bitcoin\u2019s price has found some support at $92,000 and is currently up 4.92% from Asian lows of $91,176.<\/p>\n<p><strong>Wider trade wars stifle markets<\/strong><\/p>\n<p>Meanwhile, the wider economic landscape faces uncertainty as a brewing trade war between the US and several of its trade partners, including Canada, Mexico, and China rocks various markets.<\/p>\n<p>The US tariffs on its largest trade partners, which include a 25% tariff on imports from Canada and Mexico, and a 10% tariff on Chinese imports have sparked tensions between nations.<\/p>\n<p>In response, Canada imposed a 25% tariff on CA$155 billion worth of US goods, Mexico has announced tariffs on US goods but has not provided details, while China also announced plans to impose retaliatory tariffs on US goods.<\/p>\n<p>The result is uncertainty around the expansion of global trade and a derisking of portfolios, with cryptos being one of the first on the chopping block.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-tumbles-to-92k-as-geopolitical-headwinds-roil-markets\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Bitcoin fell 4.72% over the weekend and another 3.50% during Monday\u2019s Asian session as tensions driven by Trump\u2019s tariffs have investors derisking their positions. Over the weekend, China responded to Trump\u2019s tariffs by indicating interest in imposing tariffs on US goods, [&hellip;]<\/p>\n","protected":false},"author":3947362368,"featured_media":46563,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/46562"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362368"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=46562"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/46562\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/46563"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=46562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=46562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=46562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}