Bitcoin Price Declines Amid Tariff Tensions and Trump Policies (10/3/25)

Jakarta, Pintu News – The escalating trade tensions between the United States and China have had a significant impact on global financial markets, including cryptocurrency markets. Bitcoin (BTC), as the cryptocurrency with the largest market value, experienced a decline of more than 3% to $83,200, trying to break the 200-day simple moving average. This decline comes amid concerns raised by the tariff wars and interest rate policies adopted by President Donald Trump’s administration.

Bitcoin Price Drop

In recent days, Bitcoin (BTC) has shown a significant decline. The price of the currency is down more than 10% from its peak of over $92,800 on Thursday. This decline coincided with Beijing’s announcement of new tariffs on US agricultural goods, which was a response to Trump’s increase in tariffs on Chinese imports.

This adds to the uncertainty in a market already plagued by fears of a recession. The decline in Bitcoin (BTC) price was also influenced by Federal Reserve Chairman Jerome Powell’s statement that the central bank will remain cautious in setting interest rates. This statement came after a less-than-encouraging US non-farm jobs report and expectations of three Fed rate cuts this year.

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Market Reaction to Trump’s Policies

Despite Trump’s positive announcement regarding the establishment of a Bitcoin (BTC) strategic reserve, the market seems to be more focused on larger macroeconomic issues. According to IntoTheBlock, an analytics firm, the news of the Bitcoin (BTC) reserve, which was supposed to be good news, did little to boost the price of Bitcoin (BTC). The price of the currency even dropped 4% within hours of the announcement.

Other policies of the Trump administration, such as statements that he is not paying attention to the stock market and targets to lower long-term interest rates, also suggest that market expectations of a ‘bull market’ under Trump may be too high. This has added to concerns among crypto investors and market participants.

Crypto Market Outlook

According to Noelle Acheson, author of the book “Crypto Is Macro Now”, Bitcoin’s (BTC) less than encouraging price action after the strategic reserve announcement shows that macro concerns are still heavily influencing crypto assets. The market will continue to monitor the 200-day simple moving average level to see if there will be significant buying as there was on February 28 and March 2, which previously brought price spikes.

Cover: Crypto Market Dynamics Amid Global Uncertainty

With various global policies and tensions in place, the crypto market continues to experience complex dynamics. Investors and market participants should remain vigilant to the influence of macroeconomic policies on cryptocurrency prices.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coindesk. Bitcoin Bears Target 200-Day Average as Macro Concerns Overshadow Trump’s Crypto-Related Actions. Accessed on March 10, 2025
• Featured Image: Generated by AI