The post Bitcoin Price Prediction After New Crypto Crash appeared on BitcoinEthereumNews.com.

The bullish euphoria of Donald Trump’s Crypto Strategic Reserve was short-lived.  The Bitcoin price fell 12% from its post-announcement high of $95,000 and traded as low as $82,450 on Tuesday.  The total crypto market capitalization shrunk by $460 billion in a span of a few hours, the sell-offs triggered by Donald Trump’s tariffs going live. US equity indexes, including NASDAQ 100, S&P 500 and Dow Jones, also closed Monday in deep-red territory.  The only question now is whether the crypto bull market is over or if it is still prudent to buy the dip and when.  Why Is Crypto Crashing Today? Donald Trump’s investment announcement turned out to be a major setback for US equities and the crypto market.  The president initially announced that chipmaker Taiwan Semiconductor Manufacturing Company ($TSMC) will invest $100 billion in the United States through its new chip plants.  However, his press conference proved to be a disaster, considering it confirmed that the tariffs against Mexico and Canada wouldn’t be delayed and have now gone live from Tuesday. He also doubled tariffs on Chinese imports from 10% to 20%.  TARIFFS NOW LIVE: 1. 25% tariffs on all good from Mexico to US 2. 25% tariffs on all goods except energy from Canada to US 3. 20% tariffs on many goods from China to US 4. 10% tariffs on energy from Canada to US 5. 25% retaliatory tariffs on up to $155B of goods from US to… — The Kobeissi Letter (@KobeissiLetter) March 4, 2025 China has already imposed retaliatory tariffs on US agricultural and food products while also restricting exports and investments on 25 US firms.  The trade war is expected to exacerbate the stickly inflation levels in the US economy, a bearish scenario for equities and crypto prices. It will also delay the Federal Reserve’s…

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Filed under: News - @ March 4, 2025 3:26 pm