[NEWS] Bitcoin Sinks to $100K as Trump Imposes Tariffs on Canada, Mexico, China

[OgNasty]

If Trump is successful in using tariffs to replace income taxes and property taxes then I am going to sign a petition to have him added to Mount Rushmore. Trump is looking like he’s going to surpass even the biggest MAGA supporter’s wildest expectations. He also said don’t sell your Bitcoin. I’d listen to him.

[Smack That Ace]

I don't consider this as a big news, ....

This is just the beginning of Trump's trade war with the whole world for the ideal of making America great again. If this war does not end soon and spreads to Europe, especially if tensions between the US and China increase, it will have a very negative impact on the global economy. The trade war could cause an imbalance in global supply and demand, increase inflation...and these will only harm the market. So we should not take it lightly and assume that this will not cause us any damage. I am even concerned that if this war drags on and gets more brutal, there will be no bull market this year (4 year cycle).

[EarnOnVictor]

Our dancing president..lol You chose the right image.

Expect more falls in Bitcoin over time and other markets over time. Those who know me can attest to it that I was 100% US, but not anymore and I know the world is changing stance too, it takes many men to build at times but it may take only 1 man to destroy it. That's what I see in Trump, his overbearing nature is not of this planet and thanks to the US people for voting for someone who has rekindled an unnecessary trade war. I wonder what will benefit the US if it continues this way and countries now looking for alternatives and also strengthing BRIC. Trump is a maximalist who is using the present status of the US against the world and I don't see a good landing for his country if he didn't retrace his steps.

[traderethereum]

No matter what happen in the crypto, this time we can buy Bitcoin at a low price. That is for sure

Even if here more dump happens in the crypto market, that will make me happy as I can buy back more Bitcoin. I am sure that will make many Bitcoin investors happy too
But crypto will still moves to the right path so people don't have to worry.

[Andrija Branislav]

No matter what happen in the crypto, this time we can buy Bitcoin at a low price. That is for sure

Even if here more dump happens in the crypto market, that will make me happy as I can buy back more Bitcoin. I am sure that will make many Bitcoin investors happy too
But crypto will still moves to the right path so people don't have to worry.

That right and it will happen after the recovery from this decline. many are still waiting and buying while it is cheap and there is an opportunity where fast information must also be updated so that our trading strategy runs according to our expectations. DCA is currently one of them if our funds are not available in large amounts to buy BTC.

[Pandorak]

One major reason that stopped the pump or cooled down the hype was that Trump and Melania came out with some shitty meme coins. I believe that to be a major reason because it significantly undermined the idea that Trump is serious about bitcoin in particular. When I saw these meme coins being launched, I thought what the fuck... There is a guy, the president of the United States, talking about strategic reserves in bitcoin and then the first thing he does is launch a Trump coin and a Melania coin? I really think this depressed the hype and any spirit of optimism because this is not what bitcoin enthusiasts would expect from someone who is serious about a strategic reserve in bitcoin.

Think for a second how the hype would have been fed with further optimism if his first action wouldn't have been the launch of a meme coin, but the first official purchase towards building the announced strategic reserve. Consider what would happen if Michael Saylor now launched meme coins and would not live up to his words of further bitcoin purchases anymore. Bitcoin holders would really get afraid. Trump reduced his bold announcements to absurdity within an instant.

I never thought Donald Trump would create his own token, even this is a meme token, even crazier the price rose significantly with a huge marketcap, people are going crazy. In less than 24 hours Trump tokens have been listed on several exchanges, making the price fly over $70, many new rich people were created but not a few of them fell into poverty in a few days.

In his inauguration speech, Donald Trump did not even talk about Bitcoin, even though many were looking forward to it, of course this made the holders disappointed. Even though before the speech the Bitcoin price had risen to make a new ath, it didn't take long for the price to drop again. Currently the holder are waiting for the promises in Donald Trump campaign to be realized, hoping that in the near future good news will come.

[bbc.reporter]

No matter what happen in the crypto, this time we can buy Bitcoin at a low price. That is for sure

Even if here more dump happens in the crypto market, that will make me happy as I can buy back more Bitcoin. I am sure that will make many Bitcoin investors happy too
But crypto will still moves to the right path so people don't have to worry.

This is a very good trading tactic and attitude that you are having hehehe. However, how low will be the real low? There are already speculations that we might have reached the all time high for this bull market and it appears that all of the positive storylines that were expected after the Donald's inauguration have not pumped bitcoin very strongly.

This trendline is also showing a very big resistance on longterm chart on bitcoin. I am not wishing that this will be real, however, this will be very headshaking.

[pooya87]

As I said a long time ago, Trump's effect on bitcoin price was mostly during his campaign when he was basically advertising Bitcoin. And that was short lived. It is understandable as well, it is a very weak news of some "celebrity" talking about bitcoin and some weak hands in the market get excited and start panic buying therefore price goes up.

The recent correction also has nothing to do with Trump and his tariff war. It's just a correction which always happens when price keeps trying to break a new resistance a couple of times and cannot. In this case $110k was not broken so the day traders liquidated and then weak hands panicked pushing the price a little lower than it should have gone...
Nothing new...

[Yaunfitda]

As I said a long time ago, Trump's effect on bitcoin price was mostly during his campaign when he was basically advertising Bitcoin. And that was short lived. It is understandable as well, it is a very weak news of some "celebrity" talking about bitcoin and some weak hands in the market get excited and start panic buying therefore price goes up.

The recent correction also has nothing to do with Trump and his tariff war. It's just a correction which always happens when price keeps trying to break a new resistance a couple of times and cannot. In this case $110k was not broken so the day traders liquidated and then weak hands panicked pushing the price a little lower than it should have gone...
Nothing new...

Right, sooner or later the hype might died down and so with that, those who are just on the bandwagon will have to sell to preserved their profits. Or those newbies, who thought that they can make a quick buck out of this news of Trump winning the election. And then when the price stop going up, then they panic and sell especially right now that we are below that supposedly strong support at 6 digits. Although this month might still end up to be on the green candle. But the current sentiments looks very bearish to me or at least for this week. Maybe there will be a shift next week when we forget about all this tariffs news and investors going to buy again and start the process of trying to squeeze some profits, just like what day traders do.

[Russlenat]

The recent correction also has nothing to do with Trump and his tariff war. It's just a correction which always happens when price keeps trying to break a new resistance a couple of times and cannot. In this case $110k was not broken so the day traders liquidated and then weak hands panicked pushing the price a little lower than it should have gone...
Nothing new...

It depends on how people see it, but I totally agree with you as most of us get it wrong, but in reality, Trump is just hype, meaning it’s short-lived. The fact that he launched his own hype meme coin( trump coin), and some people (including himself) made a lot of money from it, already makes his intentions questionable. 

Right now, there’s no real positive news that could really push Bitcoin up. Most of its recent pumps have been fueled by his promises of pro-Bitcoin policies, but what has he actually done so far? 

I think the real test of whether Trump is truly pro-Bitcoin would be if his government officially declared Bitcoin as part of the national reserve. 

As for the chances of that happening? Maybe 1 out of 10 at best. What do you think?

[traderethereum]

That right and it will happen after the recovery from this decline. many are still waiting and buying while it is cheap and there is an opportunity where fast information must also be updated so that our trading strategy runs according to our expectations. DCA is currently one of them if our funds are not available in large amounts to buy BTC.

The down trend seems still coming as the price now reach $98k and there are no sign for the price to increase. We can buy at the price now for small amount just to test the water.

While we are expecting to see the lowest price soon, we can prepare some money to buy back at the other low price. And yes, DCA will be the best method to buy back Bitcoin.
That will help them who don't have much money to buy Bitcoin at once but gradually.

This is a very good trading tactic and attitude that you are having hehehe. However, how low will be the real low? There are already speculations that we might have reached the all time high for this bull market and it appears that all of the positive storylines that were expected after the Donald's inauguration have not pumped bitcoin very strongly.

This trendline is also showing a very big resistance on longterm chart on bitcoin. I am not wishing that this will be real, however, this will be very headshaking.

No one will know how low will be the real low. We can only buy at any lower price we want. If the price still go down, we can buy for more. That is why we need to allocate the money with right and make some buy price order.

That will help us to buy Bitcoin at various lower price and that could be the lowest price that we want. But once again, we can not predict the lowest price with right and just hope that one of our buy order price will be the lowest price.
But I am not see that $109k-$110k is the highest price or new real ATH because I guess Bitcoin price can increase higher than that.

[bbc.reporter]

As I said a long time ago, Trump's effect on bitcoin price was mostly during his campaign when he was basically advertising Bitcoin. And that was short lived. It is understandable as well, it is a very weak news of some "celebrity" talking about bitcoin and some weak hands in the market get excited and start panic buying therefore price goes up.

This would be very headshaking for people like us who are holding bitcoin because this implies that the Donald was the only cause of the pump and because there is nothing very optimistic about the Donald as president anymore, it appears that the market is only waiting for another cause of a pump.

What is everyone's speculation on what the next cause of the bitcoin pump? Will this be another Trump pump or will this be from another source?

[TravelMug]

As I said a long time ago, Trump's effect on bitcoin price was mostly during his campaign when he was basically advertising Bitcoin. And that was short lived. It is understandable as well, it is a very weak news of some "celebrity" talking about bitcoin and some weak hands in the market get excited and start panic buying therefore price goes up.

This would be very headshaking for people like us who are holding bitcoin because this implies that the Donald was the only cause of the pump and because there is nothing very optimistic about the Donald as president anymore, it appears that the market is only waiting for another cause of a pump.

What is everyone's speculation on what the next cause of the bitcoin pump? Will this be another Trump pump or will this be from another source?

I guess it's the obvious Bitcoin reserve,

https://x.com/BTCTN/status/1886881307843830023

JUST IN: Crypto Czar David Sacks says one of the things the President asked them to do is "evaluate" a strategic bitcoin reserve.

If that happens then there will be a huge pump on the market. But I think this could happen in the last quarter, I mean the timing itself if that happen as it usually the time wherein we will see the last leg of this bull run and perhaps it will be top of our all time high for this bull cycle.

[shinratensei_]

I don't consider this as a big news, ....

This is just the beginning of Trump's trade war with the whole world for the ideal of making America great again. If this war does not end soon and spreads to Europe, especially if tensions between the US and China increase, it will have a very negative impact on the global economy. The trade war could cause an imbalance in global supply and demand, increase inflation...and these will only harm the market. So we should not take it lightly and assume that this will not cause us any damage. I am even concerned that if this war drags on and gets more brutal, there will be no bull market this year (4 year cycle).

yeah, any retaliation attempt made by countries imposed with tariff will cause economic uproar no doubt, even trump see this when canada retaliates, as a result, delayed tariff, if things keep going on like this, be prepared to see shaky market.
it will be bigger than what deepseek has caused to the tech stocks. the damage might not be seen right now since the tariff still hasn't taken place yet, but when it does take place things will change.

well, at least we got strategic bitcoin reserve news coming up right to save the crypto. market and hopefully can save the crypto market for real.

[bbc.reporter]

As I said a long time ago, Trump's effect on bitcoin price was mostly during his campaign when he was basically advertising Bitcoin. And that was short lived. It is understandable as well, it is a very weak news of some "celebrity" talking about bitcoin and some weak hands in the market get excited and start panic buying therefore price goes up.

This would be very headshaking for people like us who are holding bitcoin because this implies that the Donald was the only cause of the pump and because there is nothing very optimistic about the Donald as president anymore, it appears that the market is only waiting for another cause of a pump.

What is everyone's speculation on what the next cause of the bitcoin pump? Will this be another Trump pump or will this be from another source?

I guess it's the obvious Bitcoin reserve,

https://x.com/BTCTN/status/1886881307843830023

JUST IN: Crypto Czar David Sacks says one of the things the President asked them to do is "evaluate" a strategic bitcoin reserve.

If that happens then there will be a huge pump on the market. But I think this could happen in the last quarter, I mean the timing itself if that happen as it usually the time wherein we will see the last leg of this bull run and perhaps it will be top of our all time high for this bull cycle.

Yes, this bitcoin strategic reserve will certainly be cause the return of the Trump pump. However, when will they organize this? When will David Sacks stop evaluating and begin the action for the bitcoin reserve?

According to Polymarket, there is only a chance of 14% for this to occur within the Donald's first 100 days as president.



Source https://polymarket.com/event/will-trump-create-a-national-bitcoin-reserve-in-his-first-100-days?tid=1738890132124

If this bitcoin reserve is not implemented during the first 100 days, does anyone speculate that this will occur before December 31, 2025?

[Kemarit]

As I said a long time ago, Trump's effect on bitcoin price was mostly during his campaign when he was basically advertising Bitcoin. And that was short lived. It is understandable as well, it is a very weak news of some "celebrity" talking about bitcoin and some weak hands in the market get excited and start panic buying therefore price goes up.

This would be very headshaking for people like us who are holding bitcoin because this implies that the Donald was the only cause of the pump and because there is nothing very optimistic about the Donald as president anymore, it appears that the market is only waiting for another cause of a pump.

What is everyone's speculation on what the next cause of the bitcoin pump? Will this be another Trump pump or will this be from another source?

I guess it's the obvious Bitcoin reserve,

https://x.com/BTCTN/status/1886881307843830023

JUST IN: Crypto Czar David Sacks says one of the things the President asked them to do is "evaluate" a strategic bitcoin reserve.

If that happens then there will be a huge pump on the market. But I think this could happen in the last quarter, I mean the timing itself if that happen as it usually the time wherein we will see the last leg of this bull run and perhaps it will be top of our all time high for this bull cycle.

Yes, this bitcoin strategic reserve will certainly be cause the return of the Trump pump. However, when will they organize this? When will David Sacks stop evaluating and begin the action for the bitcoin reserve?

According to Polymarket, there is only a chance of 14% for this to occur within the Donald's first 100 days as president.



Source https://polymarket.com/event/will-trump-create-a-national-bitcoin-reserve-in-his-first-100-days?tid=1738890132124

If this bitcoin reserve is not implemented during the first 100 days, does anyone speculate that this will occur before December 31, 2025?

There is still a chance, we all know that the last quarter of the year is going to be the last push of the market to see a new all time high. So with that, it will really coincidence with the parabolic rise and then the eventual peak of this bull run if it will be executed around that time from in 2025.

So this is still in talks though,

https://x.com/BTCTN/status/1886881307843830023

JUST IN: Crypto Czar David Sacks says one of the things the President asked them to do is "evaluate" a strategic bitcoin reserve.

It won't be long that we are going to hear the reports from him and hopefully it will be positive.

[JeffBrad12]

JUST IN: Crypto Czar David Sacks says one of the things the President asked them to do is "evaluate" a strategic bitcoin reserve.

If that happens then there will be a huge pump on the market. But I think this could happen in the last quarter, I mean the timing itself if that happen as it usually the time wherein we will see the last leg of this bull run and perhaps it will be top of our all time high for this bull cycle.
[/quote]
if this truly happen its gonna be big, like the bitcoin ETF, at first people weren't believing that bitcoin could be approved for ETF but right now see bitcoin ETF its the most popular there.
a strategic bitcoin reserve, if approved, will boost confidence of the bitcoin holder and as a result it will increase in price, but as long as there's no tariff war anymore.
if the tariff war keep going and the people suffer from increased price, these strategic bitcoin reserve, will be overshadowed.

[pooya87]

I think the real test of whether Trump is truly pro-Bitcoin would be if his government officially declared Bitcoin as part of the national reserve. 

As for the chances of that happening? Maybe 1 out of 10 at best. What do you think?

It's really hard for me to predict, bitcoin can not magically solve the economic problems including the budget deficit US government is facing. So the incentive to accept it as national reserve is not a very strong one. There are oppositions to the proposal as well making it harder to be accepted.

This would be very headshaking for people like us who are holding bitcoin because this implies that the Donald was the only cause of the pump and because there is nothing very optimistic about the Donald as president anymore, it appears that the market is only waiting for another cause of a pump.

What is everyone's speculation on what the next cause of the bitcoin pump? Will this be another Trump pump or will this be from another source?

Why do you think bitcoin has suddenly turned into a pump and dump shitcoin after 16 years that now it needs some hyped to be "pumped" and can not continue goin up just like before as the adoption grows and the supply creation rate is cut by a whopping 50% every 4 years?

[Marvell1]

if this truly happen its gonna be big, like the bitcoin ETF, at first people weren't believing that bitcoin could be approved for ETF but right now see bitcoin ETF its the most popular there.
a strategic bitcoin reserve, if approved, will boost confidence of the bitcoin holder and as a result it will increase in price, but as long as there's no tariff war anymore.
if the tariff war keep going and the people suffer from increased price, these strategic bitcoin reserve, will be overshadowed.

There is a huge difference between Bitcoin ETFs and Bitcoin reserve, this is a lame comparison. ETFs are regulated and approved by the SEC, an agency that operates under the control of the US government. Meanwhile, bitcoin reserves need to be approved and passed by Congress, no agency can decide this on its own, including the president and the US government.

Not to mention, did you know that before bitcoin ETFs were approved in 2024, the SEC rejected a bunch of previously proposed bitcoin ETFs? If i remember correctly the first ETF was proposed in 2013 and was continuously rejected until 2024. It can be said that the journey to getting approval for Bitcoin ETFs was not easy. So expecting bitcoin reserves to be approved this year is actually somewhat unrealistic.


https://www.coinbase.com/en-gb/learn/crypto-basics/what-is-a-bitcoin-futures-etf

[bbc.reporter]

It appears that this trendline is very much real until it will be proven by the market that it is not by pumping over this. I wish this Trump dump will be over and we can begin to be friendly again with each other in the forum heheheheh. It appears that people have been in a not very good mood presently heheh.

In any case, I reckon that we might be witnessing something similar to the type of market condition where it was only up and down on a range from March to September.