- CoinGecko reported that Bitcoin plummeted below $100,000 due to the impact of the U.S.-initiated tariff war.
- This trend is interpreted as a risk-averse signal, indicating increased market volatility.
- Robert Kiyosaki advised investors, viewing this as a buying opportunity at low prices.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
After the U.S.-initiated tariff war ignited, the tension over global trade disputes caused the leading cryptocurrency, Bitcoin, to plummet below $100,000.
According to the cryptocurrency information platform CoinGecko, as of 2:30 PM on the 2nd (Eastern Time, 4:30 AM on the 3rd in Korea), the price of one Bitcoin was traded at $97,678, down 4.03% from 24 hours earlier. This marks the first time Bitcoin has fallen below $100,000 in five days since the 28th of last month.
Bitcoin has shown a downward trend for three consecutive days since recording $105,000 on the 31st of last month.
Ethereum, the second-largest by market capitalization, also fell 8.21% to $2,943, breaking the $3,000 mark.
U.S. President Donald Trump announced tariffs on Canada, Mexico, and China on the 31st of last month, and on the 1st, signed an executive order imposing tariffs on these countries under the International Emergency Economic Powers Act (IEEPA). As a result, from the 4th, a 25% tariff (10% on oil and natural gas) will be imposed on Canadian goods, a 25% tariff on all Mexican products, and an additional 10% tariff on Chinese products.
Countries affected by Trump's tariff measures immediately retaliated by announcing 'retaliatory tariffs.' Canadian Prime Minister Justin Trudeau promptly declared a 25% tariff on $155 billion worth of U.S. products, and Mexico also announced it would impose tariffs on U.S. products in response.
This concern and trend have also impacted cryptocurrency prices, analysts say.
The cryptocurrency specialist media CoinDesk stated, "The resumed trade war, along with the policy of mass deportation of illegal immigrants in the U.S., could exacerbate inflation and make it difficult for the Federal Reserve to cut interest rates," adding, "The weakness in Bitcoin prices reflects these concerns, signaling a risk-averse sentiment in the market."
Robert Kiyosaki, author of 'Rich Dad Poor Dad,' predicted on X (formerly Twitter) that "Trump's tariffs are starting," and "gold, silver, and Bitcoin could fall." He also expressed concern that "the real problem is debt," which "will worsen the situation." However, he advised that for asset holders, this situation could be a "buying opportunity at low prices."
Kim So-yeon, Hankyung.com reporter sue123@hankyung.com

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