Trump's tariff threat sends crypto prices falling

Those are riskier cryptos” than bitcoin

said Garrick Hileman, an independent cryptocurrency analyst

The impacts of Trump's tariffs are equally being felt in crypto markets, with over $2 billion wiped out in liquidations in the past 24 hours,

Bowler said

When you zoom in on the charts over a 24 hour period, it's quite daunting .. but if you zoom out, it's a lot easier to see the macro cycles at work; as the saying goes: trust the process,

Sierra advised, urging investors to take a step back before making any hasty decisions

Support levels at $95,000 and $90,000 will determine the next move for Bitcoin amid the broader market uncertainty,

Shekhar said

If BTC stabilizes above $95,000, it could gain enough momentum to test the $100,000 mark soon. However, volatility may persist as geopolitical factors unfold,

he noted

If Bitcoin breaks below $98,200, a deeper correction is possible. Conversely, a rise beyond $102,800 could invalidate this bearish outlook,

Vishwanath explained, urging investors to monitor key levels like $97,190 for additional support

The recent dip below $95,000 reflects broader market stress, but Bitcoin may emerge as a hedge against economic instability,

he noted

Last weekend, Bitcoin plunged below $100,000, marking the lows close to $91,000. This move was followed by a bullish attempt to form a new ATH, but the bears exerted huge pressure, flushing out nearly $500 billion from the markets. Besides, most of the altcoins, like Ethereum, XRP, Solana, Dogecoin, and many more, faced a similar price drop; meanwhile, the memecoins faced a massive loss of above 12% to 15%.”

CoinDCX Research Team noted

Bitcoin is showing signs of recovery, currently trading near $94,000. The correction triggered by Trump's tariff war has created an attractive entry point around the key support level of $92,500. If BTC can stabilize above $95,000, it may build enough momentum to test the $100K zone in the coming days. Investors should closely monitor geopolitical developments, as volatility is likely to continue until further tariff relief is implemented.”

Edul Patel, CEO, Mudrex told ABP Live

With U.S. President Trump imposing massive tariffs on certain countries, the Asia open marks one of the largest liquidations in the crypto markets in recent times, with approximately $2 billion in liquidations in the last 12 hours alone. BTC has strong support around the $90,000 mark, and it seems unlikely to break, especially with gold recently hitting an all-time high. BTC dominance has also risen sharply to 61%, indicating a risk-off sentiment within the crypto markets.”

CoinSwitch Markets Desk noted

WILL THERE BE SOME PAIN? YES, MAYBE (AND MAYBE NOT!). BUT WE WILL MAKE AMERICA GREAT AGAIN, AND IT WILL ALL BE WORTH THE PRICE THAT MUST BE PAID.”

The president defended his decision, writing on Truth Social

MAKE YOUR PRODUCT IN THE USA AND THERE ARE NO TARIFFS!”

Trump said on Truth Social in defense of his tariffs

Am I going to impose tariffs on the European Union? Do you want the truthful answer or should I give you a political answer? Absolutely, absolutely.”

The president

I have it in my mind what it’s going to be but I won’t be setting it yet, but it’ll be enough to protect our country,

Trump said Monday about his plan to impose tariffs on all imported goods

Crypto is really the only way to express risk over the weekend, and on news like this crypto resorts to a risk proxy,

said Chris Weston, head of research at Pepperstone