The announcement of new trade tariffs by US President Donald Trump has reintroduced macroeconomic pressure factors that could impact the recent rise in Bitcoin prices, which had exceeded $97,000 in recent days.
On January 17, President Trump published a message on the social network “Truth Social” announcing the imposition of tariffs on European countries.
To explain in detail, From February 1, 2026, 10% customs duty will apply All products shipped to the United States from Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland, including the world’s three largest economies, are eligible.
Subsequently, from June 1, 2026, That percentage rises to 25%.
Although this message addresses multiple geopolitical issues, it is the commercial part that is most relevant to the market. Tariffs are taxes imposed on imported goods that tend to make international trade more expensive, often provoke retaliation, and increase macroeconomic uncertainty.
As a result, investors adjust their exposure to assets considered risky and between them Bitcoin (BTC).
This would not be an unprecedented scenario. Last year, President Trump’s tariffs on China and other factors combined to It also affected traditional markets and BTC.
The announcement therefore reinvigorated concerns about similar situations in which trade tensions affect risk appetite.
At the close of this note, Bitcoin was trading at just over $95,000. Markets still did not react to President Trump’s remarks. If finalized, the dates indicated may be affected.
Bitcoin’s recent rise attracts attention
Adding to the potential dangers of President Trump’s new tariff policies is a recent analysis by CryptoQuant. He characterizes BTC’s current movement as a “bear market rally.”
This concept represents a price increase that: Occurs within a general negative trend And it tends to deplete before solidifying a sustained recovery.
According to the report, Bitcoin is up about 21% since November 21stlast time it fell nearly 19% and broke through the 365-day moving average, confirming a bear market, as seen in the following chart.
This average is the average of Bitcoin prices over the past year and typically serves as the dividing line between bullish and bearish periods. Currently, that level is close to $101,000, an area where prices have yet to recover.
At the same time, the demand situation shows only slight improvement, according to CryptoQuant. U.S.-related indicators, such as the Coinbase premium (which measures whether local prices are higher or lower than other markets), briefly turned positive.
However, the exchange-traded fund (ETF) saw its net sales slow after selling about 54,000 bitcoins in November. No evidence of sustained accumulationaccording to the report.
Similarly, CrytoQuant assures that on-chain data will enhance this caution. of Apparent demand for Bitcoin has shrunk With an increase of approximately 67,000 Bitcoins over the past 30 days, inflows to the exchange have increased to an average of 39,000 Bitcoins per week.
Historically, more funds flow to exchanges They usually expect selling pressure.
In this context, President Trump’s tariff announcements add an external factor that could amplify volatility. Bitcoin’s recent rally could face further hurdles if trade tensions lead to a deterioration in global financial conditions.
(Tag Translate)Bitcoin (BTC)
