The post Trump Tariffs Spark Sell-Off; MicroStrategy Buys the Dip as Wall Street Pepe Presale Awaits Listing appeared on BitcoinEthereumNews.com.

Donald Trump’s tariff war is only heating up – he announced a 25% levy on aluminum and steel imports. Trump also warned that countries levying US imports will face even higher tariffs. Bitcoin ($BTC) dipped to $94K on the back of the announcement, and most altcoins followed. However, $BTC has now rebounded to $97K, so this is but a flesh wound rather than a bearish reversal. Meanwhile, MicroStrategy’s Michael Saylor hinted he might go on another buying spree on X. Trump’s Tariff Tantrums: How Crypto Weathers the Storm This isn’t the first time Trump has shaken up the market. Last week’s tariff announcement didn’t go well either, as Canada and Mexico slapped the US with reciprocal tariffs. Now, Trump threatens the world with even higher import taxes. Where will leaders draw the line? Will Americans soon be paying 3,000% extra on all imported goods? Or will the US learn to grow Sencha tea and make Parmigiano cheese? Trump also shared plans to impose tariffs on oil, gas, steel, copper, and superconductors. Bybit CEO Ben Zhou estimates that crypto liquidations reached $10B following the first tariff announcement. This time, the market dipped roughly $50M. While crypto prices are recovering, the Crypto Fear and Green Index has been in the Fear territory the entire week. But not everyone is bearish. Saylor Breaks Silence, More Green Dots to Come? Known $BTC evangelist Michael Saylor posted a screenshot of MicroStrategy’s portfolio tracker for the first time since January 20, when the company celebrated Trump’s Inauguration with an 11K $BTC purchase and switched from green and orange dots. MicroStrategy’s total $BTC holdings now amount to $46.12B. While Saylor hasn’t announced any purchases in February yet, it wouldn’t be a stretch to suggest that he made use of the temporary market downturn. While MSTR stock price…

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Filed under: News - @ February 10, 2025 11:22 am