BTC/USD: Bitcoin Price Crashes to $91,000 as Traders Run for Cover After Trump Tariffs

Bitcoin, Ethereum and stocks were getting hammered Monday morning as Trump’s tariffs dented optimism just about everywhere.

😫 Bitcoin Slides 6%

• Bitcoin prices BTCUSD shed 6% from the get-go Monday morning as spooked traders fled from the field after Donald Trump rolled out his anticipated trade tariffs. The OG coin was seen sliding from $97,800 to a session low of $91,500 before paring back some of the losses to $93,800 per coin.
• Trump announced that all Chinese goods imported into the country will be hit by 10% levies. In other words, your next laptop, car or Stanley cup will be more expensive. Mexico and Canada get a 25% tariff.

🚩 Stocks Sell Off

• WIth all that coming to make US imported products more expensive, risk assets had nowhere to go but lower. It wasn’t just Bitcoin that took a hit. Ethereum, the second-largest digital asset, fell as much as 27% for its worst mid-session drop since 2021.
• Stock futures were also down big time with Dow futures showing a 700-point loss ahead of the opening bell in New York. The US dollar was the only winner, up about 1.2% against forex rivals.

🏆 What’s Your Next Move?

• Now it’s up to Mr. Market to make sense of all that’s going on. Are traders going to continue dumping risk assets left and right or will they scoop up some of their favorite stocks and crypto on big discounts? Up to you.