President Trump’s decision to impose a 25% tariff<\/a> on imports from both Canada and Mexico, alongside a 10% tariff on Chinese goods, has sent shockwaves through financial markets. In response, affected countries have quickly retaliated, raising concerns of a potential trade war<\/a>. This action has led to an uptick in crude oil prices and a significant downturn in US stock futures.<\/p>\n Even Bitcoin, often seen as a safeguard against traditional market volatility, has been severely affected, plummeting to its lowest level in three weeks<\/a> at nearly $93,500. The downturn prompted many investors to withdraw, causing other major cryptocurrencies like Ethereum<\/a> to experience notable declines as well.<\/p>\n <\/p>\n As concerns about the economy grow, Bitcoin’s value continues to drop rapidly. Data from Glassnode reveals that long-term holders are liquidating their assets, indicating a significant shift in sentiment within the market. Analysts caution that further downturns could be on the horizon.<\/p>\n Investors are particularly attentive to the crucial $90,000 support level, with fears that a drop below this threshold could lead prices down to $80,000. Currently, Bitcoin is down approximately 15% from its January 20 peak of $109,350. Nonetheless, seasoned traders often regard these adjustments as typical in bullish markets, where pullbacks of around 30% are not uncommon.<\/p>\n Not everyone is panicking, however. Renowned investor Robert Kiyosaki perceives the situation as a golden opportunity for purchasing. In a post on X, formerly Twitter, he noted that the tariffs may lead to decreased prices, presenting a chance to buy more Bitcoin:<\/p>\n TRUMP TARIFFS BEGIN: Gold, silver, Bitcoin may crash. GOOD. Will buy more after prices crash. Real problem is DEBT\u2026.which will only get worse. CRASHES mean assets are on sale. Time to get richer.<\/p>\n<\/span>Increasing Cryptocurrency Sell-Off<\/span><\/h2>\n
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