Bitcoin Tumbles Below $115K as Trump’s Tariff Shakeup Rattles Markets

Bitcoin's bull run hits a speed bump—President Trump's latest trade war salvo sends crypto into a tailspin. The king of crypto sheds value faster than a Wall Streeter dodges accountability.

Tariff tremors shake faith in risk assets

When the White House flexes its protectionist muscles, even decentralized assets feel the squeeze. Bitcoin's 10% afternoon plunge proves no market exists in a vacuum—not even the 'anti-fiat' darling.

Technical support levels vaporized as algorithmic traders piled on. The $115K floor became a trapdoor, with liquidation cascades amplifying the move. Same volatility, bigger stakes—welcome to crypto's institutional era.

Silver lining? This too shall pass. Bitcoin's fundamentals remain bulletproof while politicians play their games. The network keeps humming, blocks keep coming, and the orange revolution won't be tariffed out of existence.

The sell-off followed a 12-hour stretch in which around $110 billion exited spot crypto markets. Data from CoinGlass shows that over 164,000 traders were liquidated in the past 24 hours, totalling $644 million in losses across all coins with BTC causing over $152 million of the losses. Most of these liquidations came from long positions. Analysts see the price move as a break from the recent range-bound pattern, with $111,000 now seen as the next support level.

Donald Trump’s Order Shakes Investor Confidence

The U.S. President Donald Trump’s executive order was signed late Thursday, formalising trade tariffs that had been hinted at over the past few weeks. Countries without deals in place, such as South Africa, Switzerland, Taiwan and Thailand, will now face tariffs of up to 39% onwards. 

Canada’s rates jumped from 25% to 35%, while existing agreements with the EU, UK, South Korea and Japan were confirmed. The broad scope of the tariff rollout raised concerns across risk markets, with equities also slipping during morning trading.

Despite the decline, bitcoin closed July with its highest-ever monthly candle at $115,784, according to market data. That close shows strong momentum on longer timeframes, even as daily volatility remains high.

Earlier this week, the WHITE House released a crypto policy report viewed by some as positive for the industry. But Friday’s decline shows how sensitive markets still are to major macro shifts, especially when trade and inflation are involved.

Also Read: Cardone Capital Grabs 100 Bitcoin for $11M as BTC price Drop