Bitcoin has dropped 3.3% in the past 24 hours, now trading around 95,133, following U.S. President Donald Trump’s import tariff policy, which triggered market panic. Trump imposed a 25% tariff on products from Mexico and most of Canada, as well as a 10% tariff on Chinese imports, causing investors to move away from risky assets like Bitcoin and tech stocks.


Despite being called "digital gold," Bitcoin has once again shown its volatility. Investors prefer traditional assets like gold and government bonds. JPMorgan Chase, for instance, reportedly shipped over 4 billion worth of gold to the U.S. to meet futures contracts, reinforcing gold demand as a hedge. Analysts predict gold could reach 2,500 per ounce, driven by potential Fed rate cuts and geopolitical tensions.


While Bitcoin has long-term recovery potential, it remains vulnerable to global economic policies in the short term. Its drop below 100,000 highlights the crypto market’s sensitivity to uncertainty, while gold continues to solidify its status as the primary safe-haven asset.

February 03, 2025 at 10:52 AM
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