News View Non-AMP

Red Alert: Trump’s 25% Tariff on Metals Shakes Markets, XRP and Dogecoin Suffer Major Losses

Published by
Anjali Belgaumkar

On February 10, 2025, President Trump’s announcement of a 25% tariff on all steel and aluminum imports caused a dip in the total cryptocurrency market. The news added to growing trade tensions, leading to a decline in crypto prices, with Bitcoin falling to $94,000, and other cryptocurrencies like  XRP, and Dogecoin recorded drops of more than 4%.

The new tariffs are set to apply to several countries, including major steel and aluminum suppliers like Canada, Brazil, and Mexico. This uncertainty surrounding trade policy is fueling a broader market downturn, with investors becoming more cautious amid fears of potential economic slowdowns. This move also escalates tensions in his ongoing trade policy overhaul. 

As for Bitcoin, there’s significant liquidity beneath current price levels, suggesting that by Monday or Tuesday, the price might drop to capture this liquidity. The market could react negatively, pushing the price below liquidity support and leading to much lower levels, including potential drops to $88K. Despite the volatility, large investors are accumulating Bitcoin, with over 70,000 BTC leaving exchanges in the past week, signaling they see the current price as a buying opportunity.

Conclusion

Looking ahead, analysts suggest Bitcoin’s price may consolidate until a major event—like a regulatory announcement or technological breakthrough—shifts market sentiment. Despite recent market instability, Bitcoin continues to dominate the sector, holding steady above 60% market share.

The tariff issue raises questions about Bitcoin’s role as a hedge, as recent events challenge this idea. U.S. regulators are still figuring out digital asset frameworks, especially in an election year. As the market awaits more details on the tariffs, cryptocurrencies are seen as both vulnerable to global shocks and increasingly valuable as strategic assets. 

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

Recent Posts

Did Galaxy Digital Just Sell Stolen Bitcoin? CryptoQuant CEO Raises Big Questions

A quiet $9 billion Bitcoin sale has now turned into a major controversy and it…

July 26, 2025

South Korea Seeks Trade Deal with U.S. Ahead of Tariff Deadline

South Korea is racing to finalize a trade agreement with the U.S. before August 1,…

July 26, 2025

Ethereum Price Gains 75%: What’s Fueling the Rally?

The Ethereum price is exchanging hands at $3740 with 24-hour volume of $32.74 billion, it…

July 26, 2025

Ripple Co-Founder Chris Larsen Sells $200M XRP, Will He Sell More in the Coming Week?

XRP is currently trading near $3.16 with about $8 billion in market cap, despite a…

July 26, 2025

Finland’s Credit Rating Cut to AA by Fitch on Fiscal Weakness

Fitch Ratings downgraded Finland’s long-term foreign-currency issuer rating from “AA+” to “AA,” citing rising government…

July 26, 2025

Public Companies Holding 1,000+ BTC Surge to 35 in Q3 2025

The number of public companies holding at least 1,000 BTC has risen steadily in 2025,…

July 26, 2025