{"id":48127,"date":"2025-02-25T16:56:56","date_gmt":"2025-02-25T16:56:56","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-drops-below-90k-as-trump-confirms-trade-tariffs\/"},"modified":"2025-02-25T16:56:56","modified_gmt":"2025-02-25T16:56:56","slug":"bitcoin-drops-below-90k-as-trump-confirms-trade-tariffs","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-drops-below-90k-as-trump-confirms-trade-tariffs\/","title":{"rendered":"Bitcoin drops below $90k as Trump confirms trade tariffs"},"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=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/01\/shutterstock_2119648130-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/01\/shutterstock_2119648130-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/01\/shutterstock_2119648130-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/01\/shutterstock_2119648130-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li aria-level=\"1\">This is the lowest Bitcoin has dropped since November 2024<\/li>\n<li aria-level=\"1\">Trump\u2019s trade tariffs are likely impacting crypto market prices as investors look elsewhere to trade<\/li>\n<li aria-level=\"1\">Two crypto hacks days apart have worsened investor sentiment<\/li>\n<\/ul>\n<p>Bitcoin\u2019s price has dropped below the $90,000 mark, signalling the lowest decline for the number one crypto asset since November 2024.<\/p>\n<figure id=\"attachment_274918\" aria-describedby=\"caption-attachment-274918\" class=\"wp-caption alignnone\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"wp-image-274918 size-full\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/02\/Bitcoin-87000.jpg\" alt=\"\" width=\"1414\" height=\"789\"\/><figcaption id=\"caption-attachment-274918\" class=\"wp-caption-text\">Bitcoin\u2019s price at $87,000. Source: <a href=\"https:\/\/coinmarketcap.com\/currencies\/bitcoin\/\" target=\"_blank\" rel=\"noopener\">CoinMarketCap<\/a><\/figcaption><\/figure>\n<p>On February 25 at 10:25 UTC, Bitcoin was trading at around $87,190, according to data from CoinMarketCap. At the time of publishing, it has risen slightly but remains under $90,000, a <a href=\"https:\/\/coinjournal.net\/news\/weekly-price-analysis-prices-range-on-uncertain-economic-outlook\/\">key figure to stay in bullish territory<\/a>.<\/p>\n<p>According to Arthur Hayes, BitMEX\u2019s co-founder, <a href=\"https:\/\/x.com\/CryptoHayes\/status\/1894170405386293703\">Bitcoin could drop to $70,000<\/a> if large hedge funds sell their positions in Bitcoin exchange-traded funds (ETFs).<\/p>\n<h2>Impact of Trump\u2019s tariffs<\/h2>\n<p>The drop in value comes amid uncertainty about inflation, US President <a href=\"https:\/\/coinjournal.net\/search\/Donald+Trump\">Donald Trump\u2019s<\/a> policies, and geopolitical events.<\/p>\n<p>Yesterday, Trump confirmed 25% trade tariffs on Canada and Mexico, causing the market to react as investors look to other avenues to put their money.<\/p>\n<p>According to James Toledano, COO at Unity Wallet, many believed that Bitcoin\u2019s price would continue rising once Trump entered the White House, adding to CoinJournal:<\/p>\n<p>\u201cBut the reality is that the price has gone south, likely due to tariff trade wars, fragile peace talks in Eastern Europe, and fears around DeepSeek\u2019s impact on the US tech sector. But this could also just be a momentary lapse of pricing reason.\u201d<\/p>\n<h2>Security breach at Bybit<\/h2>\n<p>Last week, Hong Kong-based crypto exchange Bybit was the target of a major hack, resulting in the <a href=\"https:\/\/coinjournal.net\/news\/north-koreas-lazarus-group-behind-hack-as-bybit-loses-1-5b\/\">loss of nearly $1.5 billion worth of Ethereum<\/a> from a single wallet.<\/p>\n<p>Despite Ben Zhou, Bybit\u2019s founder and CEO, <a href=\"https:\/\/x.com\/benbybit\/status\/1893865556840775758\">saying<\/a> it had \u201cfully closed the ETH gap,\u201d raising funds to cover the losses and boost investor confidence, the fact remains that investors are shaken.<\/p>\n<p>Not only that, but neobank <a href=\"https:\/\/coinjournal.net\/news\/infini-suffers-50m-hack-days-after-bybits-1-5bn-exploit\/\">Infini suffered a $50 million hack<\/a> yesterday. According to reports, insider access enabled the hacker to manipulate the platform\u2019s smart contract it had developed after retaining administrative privileges unbeknownst to Infini.<\/p>\n<p>Following the theft, the hacker converted the stolen USDC into Dai and then purchased 17,696 Ethereum, valued at around $49 million at the time.<\/p>\n<p>\u201cAdditionally, global macroeconomic uncertainty and a downturn in traditional markets have weighed on Bitcoin, as risk assets remain highly sensitive to external pressures,\u201d said Toledano.<\/p>\n<blockquote>\n<p>\u201cNote, the S&amp;P 500 which is the bellwether for the equities market is down over 4% over the last month and over 2% this past week alone. While 2 and 4 percentage points mean little in the cryptosphere, these figures are notable in TradFi from a loss perspective.\u201d<\/p>\n<\/blockquote>\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-drops-below-90k-as-trump-confirms-trade-tariffs\/\">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 ) This is the lowest Bitcoin has dropped since November 2024 Trump\u2019s trade tariffs are likely impacting crypto market prices as investors look elsewhere to trade Two crypto hacks days apart have worsened investor sentiment Bitcoin\u2019s price has dropped below the $90,000 [&hellip;]<\/p>\n","protected":false},"author":3947362367,"featured_media":48128,"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\/48127"}],"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\/3947362367"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=48127"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/48127\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/48128"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=48127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=48127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=48127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}