{"id":22854,"date":"2025-04-09T11:13:13","date_gmt":"2025-04-09T08:13:13","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-tests-75000-amid-trumps-tariff-turmoil\/"},"modified":"2025-04-09T11:13:13","modified_gmt":"2025-04-09T08:13:13","slug":"bitcoin-tests-75000-amid-trumps-tariff-turmoil","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-tests-75000-amid-trumps-tariff-turmoil\/","title":{"rendered":"Bitcoin Tests $75,000 Amid Trump&#8217;s Tariff Turmoil"},"content":{"rendered":"<div class=\"wp-block-text-wrappers-keypoints article_keypoints\">\n<ul class=\"wp-block-list\">\n<li>Bitcoin&#8217;s decline could extend to $70,000 if global trade tensions escalate further.<\/li>\n<li>The ETH\/BTC rate has fallen to its lowest since December 2019.<\/li>\n<\/ul>\n<\/div>\n<p>On the night of April 9, the price of the leading cryptocurrency dropped to its lowest since the start of the year, falling below $75,000. The catalyst was the implementation of President Donald Trump&#8217;s <a href=\"https:\/\/forklog.com\/en\/news\/trump-declares-liberation-day-with-new-tariffs\">&#8220;liberating&#8221; tariffs<\/a>.<\/p>\n<p>Washington imposed tariffs of 10% and higher on foreign goods. For China, the rate reached 104% following Beijing&#8217;s refusal to &#8220;make a deal.&#8221;<\/p>\n<p>At the time of writing, the price had rebounded to $77,000. The daily rate of decline <a href=\"https:\/\/www.coingecko.com\/\">reduced to 3%<\/a>.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/2-1064.webp\" alt=\"2-1064\" class=\"wp-image-256165\"\/><figcaption class=\"wp-element-caption\">Hourly BTC\/USDT chart on Binance. Data: <a href=\"https:\/\/ru.tradingview.com\/symbols\/BTCUSDT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Ethereum briefly dropped to its lowest since March 2023, below $1400, but recovered to $1466. Over the past day, the asset&#8217;s value corrected by 7%.<\/p>\n<p>Among the top 10 cryptocurrencies by market capitalization, the negative revaluation was limited to 2.9%.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-1501.webp\" alt=\"1-1501\" class=\"wp-image-256166\"\/><figcaption class=\"wp-element-caption\">Data: CoinGecko.<\/figcaption><\/figure>\n<p>According to <a href=\"https:\/\/www.coinglass.com\/LiquidationData\">Coinglass<\/a>, over the past 24 hours, more than 136,435 traders were liquidated, totaling $423.1 million.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"341\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/3-597-1024x341.png\" alt=\"3-597\" class=\"wp-image-256167\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/3-597-1024x341.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/3-597-300x100.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/3-597-768x256.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/3-597.png 1386w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: Coinglass.<\/figcaption><\/figure>\n<p>Investors fear that the prolonged tariff war could weaken global trade, disrupt supply chains, and slow U.S. economic growth. This would exert additional pressure on American stock markets and bitcoin, which typically mirrors Wall Street&#8217;s fluctuations, noted <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/04\/09\/bitcoin-bears-eye-usd70k-ether-drops-10-as-trump-tariffs-start-global-menace\">CoinDesk<\/a>.<\/p>\n<p>In an interview, Bitget Research&#8217;s chief analyst Ryan Lee discussed the risks of digital gold prices falling to $70,000-75,000 if global trade tensions escalate.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;A prudent step now is to employ a dollar-cost averaging strategy. Going forward, attention should be paid to altcoins like Solana,&#8221;<\/em> the expert suggested.<\/p>\n<\/blockquote>\n<p>Lee remains optimistic about the longer-term outlook.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;If macroeconomic conditions stabilize or supportive cryptocurrency policies emerge, we could see bitcoin at $95,000-100,000 by the end of 2025 [\u2026]. While tariff wars have hit altcoins hard, the resilience of digital gold and its growing dominance indicate that the ecosystem&#8217;s fundamentals remain strong, bolstered by institutional adoption and the halving cycle,&#8221;<\/em> he concluded.<\/p>\n<\/blockquote>\n<p>Leading Swyftx analyst Pav Hundal <a href=\"https:\/\/decrypt.co\/314059\/bitcoin-ethereum-dip-trumps-tariffs-china\">assessed<\/a> the cryptocurrency market&#8217;s decline since early February at $1.2 trillion.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;We have entered a new era of protectionism. The most concerning aspect is that we still lack clarity on where this will end. Now all eyes will be on how quickly the U.S. can forge new trade and non-trade deals,&#8221;<\/em> he explained.<\/p>\n<\/blockquote>\n<h2 class=\"wp-block-heading\"><strong>Bitcoin vs Ethereum<\/strong><\/h2>\n<p>The ETH\/BTC rate fell to 0.01855, a level last seen in December 2019.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/4-369.webp\" alt=\"4-369\" class=\"wp-image-256168\"\/><figcaption class=\"wp-element-caption\">Weekly ETH\/BTC chart on Binance. Data: <a href=\"https:\/\/ru.tradingview.com\/symbols\/ETHBTC\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>According to analyst James Check, the second-largest cryptocurrency by market capitalization has outperformed bitcoin in only 15% of all trading days since its inception in mid-2015.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The ETH\/BTC has now underperformed holding BTC for 85% of trading days\u2026<\/p>\n<p>A truly remarkable decline. <a href=\"https:\/\/t.co\/zsXpDWZSBi\">pic.twitter.com\/zsXpDWZSBi<\/a><\/p>\n<p>\u2014 _Checkmate ??\u26a1\u2622\ufe0f?\ufe0f (@_Checkmatey_) <a href=\"https:\/\/twitter.com\/_Checkmatey_\/status\/1909617927349059906?ref_src=twsrc%5Etfw\">April 8, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Ethereum showed superiority in its early years until mid-2017. There were two other brief periods in late 2019 and early 2020 when the ETH\/BTC ratio favored the second-largest cryptocurrency by market capitalization.<\/p>\n<p>CryptoQuant <a href=\"https:\/\/forklog.com\/en\/news\/the-trump-factor-1057-btc-move-after-years-of-dormancy\">attributed<\/a> the ETH\/BTC decline to an unfavorable on-chain picture.<\/p>\n<p>Bernstein <a href=\"https:\/\/forklog.com\/en\/news\/bernstein-praises-bitcoins-resilience-amid-tariff-turbulence\">described<\/a> bitcoin&#8217;s resilience amid tariff turbulence as &#8220;impressive.&#8221;<\/p>\n<p>Former BitMEX CEO Arthur Hayes <a href=\"https:\/\/forklog.com\/en\/news\/arthur-hayes-predicts-bitcoin-surge-amid-yuan-weakness\">stated<\/a> that new U.S. tariffs could trigger a capital shift into digital gold.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin&#8217;s decline could extend to $70,000 if global trade tensions escalate further. The ETH\/BTC rate has fallen to its lowest since December 2019. On the night of April 9, the price of the leading cryptocurrency dropped to its lowest since the start of the year, falling below $75,000. The catalyst was the implementation of President [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":22853,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1146,46,1224,1145,1150],"class_list":["post-22854","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-market-forecasts","tag-ethereum","tag-macroeconomics","tag-market-analysis","tag-news-plus"],"aioseo_notices":[],"amp_enabled":true,"views":"32","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22854","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=22854"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/22854\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/22853"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=22854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=22854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=22854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}