Telegram ID: @Godleak

Bitcoin falls below $100K following Donald Trump imposing import tariffs

Crypto Signal Leaks 150 Best Vip channels of the world - predictum - ggshot - Crypto leak

Bitcoin falls below $100K following Donald Trump imposing import tariffs

bitcoin

Bitcoin has dropped below $100,000 for the first time since Jan. 27 following Donald Trump imposing import tariffs on goods from China, Canada, and Mexico — which triggered immediate responses from the three countries.

Bitcoin has dropped below $100,000 for the first time in six days following US President Donald Trump signing an executive order to impose import tariffs on goods from China, Canada, and Mexico.

The imposed tariffs have already triggered retaliation from the three countries, and the crypto industry is divided on how this will affect the broader market.

According to a Feb. 1 statement from the White House, “Trump is implementing a 25% additional tariff on imports from Canada and Mexico and a 10% additional tariff on imports from China.  Energy resources from Canada will have a lower 10% tariff.”

Canada, China, Mexico, United States, Donald Trump
Source: Donald J. Trump

The statement said that “Trump is taking bold action to hold Mexico, Canada, and China accountable to their promises of halting illegal immigration and stopping poisonous fentanyl and other drugs from flowing into our country.”

Tariffs could raise inflation, potentially leading to higher interest rates, which typically causes investors to move away from riskier assets like crypto and toward more traditional assets like bonds and term deposits.

 

 

 

 

 

 

 

Get to know Godleak

Godleak crypto signal is a  service which provide profitable crypto and forex signals. Godleak tried to provide you signals of best crypto channels in the world.

It means that you don’t need to buy individual crypto signal vip channels that have expensive prices. We bought all for you and provide you the signals with bot on telegram without even a second of delay.

Crypto leak

Godleak crypto leak service have multiple advantages in comparision with other services:

  •  Providing signal of +160 best crypto vip channels in the world
  • Using high tech bot to forward signals
  • Without even a second of delay
  • Joining in +160 separated channels on telegram
  • 1 month, 3 months , 6 months and yearly plans
  • Also we have trial to test our services before you pay for anything

For joining Godleak and get more information about us only need to follow godleak bot on telegram and can have access to our free vip channels. click on link bellow and press start button to see all features

 

Join for Free

☟☟☟☟☟

https://t.me/Godleakbot

Also you can check the list of available vip signal channels in the bot. by pressing Channels button.

 

 

 
       

The 3 countries were quick to retaliate

Shortly after Trump’s announcement, Canada’s Prime Minister Justin Trudeau announced in a press conference that he will be imposing a 25% tariff on $106.5 billion worth of US goods.

China’s Ministry of Commerce reportedly said it will be filing a complaint with the World Trade Organization (WTO) and “take corresponding countermeasures.”

Mexican President Claudia Sheinbaum said in a lengthy X post that she has instructed the Secretary of Economy to “implement plan B” which includes “tariff and non-tariff measures in defense of Mexico’s interests.”

Following the retaliations, Bitcoin slipped below the psychological $100,000 price level for the first time since Jan. 27, falling to $99,111. At the time of publication, it is trading at $99,540, according to CoinMarketCap.

Bitcoin is trading at $99,540 at the time of publication. Source: CoinMarketCap

According to CoinGlass data, around $22.70 million in long positions were liquidated in the four hours leading up to publication.

Crypto industry split on how tariffs will impact market

The crypto industry is divided on how much the imposed tariffs will impact the broader crypto market.

Crypto Capital Venture founder Dan Gambardello isn’t buying into the narrative.

Gambardello said, “I cannot believe there’s a popular opinion floating around that Trump tariffs and his memecoins ended the bull cycle.”

“BlackRock is continuing to accumulate ETH and BTC while retail frantically panics because crypto is currently consolidating,” Gambardello said.

While Bitwise Invest head of alpha strategies Jeff Park said, “How amazing a sustained tariff war is going to be for Bitcoin in the long run,” not all crypto commentators agreed.

One opponent, Cinnaeamhain Ventures partner Adam Cochran, said, “Bitcoin is not separated enough from the global markets and trades like triple-levered tech these days.”

“An economic squeeze of this scale just means pain all around, and we should be ok with denouncing that,” Cochran said.

Tags: , , ,

Leave a Reply

Your email address will not be published. Required fields are marked *