Author: @aljif7
Date: Friday 1 August 2025
Category: Finance
What a way to End July and begins August!!!
📊 Bitcoin, XRP, Ether Drop: Why Trump Tariffs Are Hitting Cryptos
XRP, BTC, ETH and more Altcoins are dropping
Cryptocurrencies like Bitcoin, XRP, and Ether have experienced a significant downturn recently, with prices plummeting in response to new U.S. tariff announcements. This market volatility has also been accompanied by a rise in the U.S. dollar, further impacting the crypto space.
Key Points from the News:
Market Decline Triggered by Tariffs:
- The recent announcement of new U.S. tariffs has sent shockwaves through global markets, including cryptocurrencies.
- These tariffs are seen as a source of economic uncertainty, which often leads investors to seek safer assets, such as the U.S. dollar.
BTC's Performance:
- Bitcoin (BTC), the largest cryptocurrency by market capitalization, saw its price drop by 3.2% over the past 24 hours.
- According to CoinDesk data, Bitcoin's price fell to $114,832, marking a decline of about 6% since it hit its record high above $122,000.
BTC price is at 115,100 at the moment of this post.
Impact on Other Cryptos:
- Other major cryptocurrencies, such as XRP and Ether (Ethereum), have also experienced losses, though specific figures for these coins were not detailed in the initial report.
- The overall sentiment in the crypto market appears to be cautious due to external economic factors.
Correlation with Dollar Strength:
- As the U.S. dollar strengthens in response to economic uncertainties, it often acts as a safe-haven asset, drawing investments away from riskier assets like cryptocurrencies.
- This shift in investor behavior can lead to a downward pressure on crypto prices.
Why Tariffs Matter for Cryptos:
- Economic Uncertainty: Tariffs typically introduce uncertainty into global trade and economic systems. Investors tend to react negatively to such policies, leading to market volatility.
- Risk Aversion: During periods of economic instability, investors often move their funds from volatile assets (like cryptos) to more stable ones (like fiat currencies or gold).
- Global Impact: Cryptocurrencies are highly sensitive to global economic events, as they operate in a borderless, decentralized environment. Changes in one part of the world can quickly ripple through the entire crypto ecosystem.
Conclusion:
The recent drop in Bitcoin, XRP, and Ether prices highlights the interconnectedness of global financial markets. While cryptocurrencies are often touted as independent of traditional financial systems, they remain vulnerable to macroeconomic factors such as tariffs, currency fluctuations, and investor sentiment. As the situation evolves, staying informed about both crypto-specific news and broader economic trends will be essential for navigating this volatile landscape.
Stay tuned for updates! 🚀
References:
- Source: Barrons.com
- Data: CoinDesk
Feel free to share your thoughts or ask questions in the comments below! 👇
That’s all for now my friends!
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Some Satochis=BTC fraction: bc1q5qzx9cg3r88dp96jnx9hk4z8s8fpw3xuzsmatk
Lite-coin Fraction: LTC: MAt4qZUmz8hi6FEZVx1JvUKJxqy3YjBRnu
ADA: addr1qxeaxcansdg6cpk3zt6lthge9ftdme0l34k0eqyj4zgngycpyws7cy2senka3mjlft6a4udr6dfhxmhvd5fdf6mf5jnqczdnkl
AXS: ronin-Wallet: 0x33D171feD3Dc3D46E57273E2d104E57C2789b795
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