Bitcoin falls to USD 115,000 with the arrival of Trump’s tariffs
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Even with reductions, the world has the highest tariffs since 1930.
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“This is a serious demand shock for the world,” says former India official.
The price of Bitcoin (BTC) retreated below the range of USD 115,000, again affected by the political and macroeconomic decisions of US President Donald Trump, who announced new tariffs to several countries of the world.
Finishing the day of July 31 and started on August 1, BTC’s price fell 3.14%, going from USD 118,800 to USD 114,400before recovering slightly and positioning themselves in USD 114,900, a price that keeps at the close of this report, as seen in the following tradingview graph:
On Thursday, the White House announced its new commercial policy and a new tariff plan, where it was established that the “universal tariff” for products that enter the United States will remain at 10%, a rate that will only be applied to the countries where the US exports more than it matters.
On the other hand, a 15% tariff will be applied to the countries with which the US maintains commercial deficit. These are about 40 nations, many of which will receive a lower tax rate to the reciprocal tariffs established on April 2, although for some it will be higher. Also, more than a dozen countries will have tariffs greater than 15%.
To mention some countries, Syria will have a 41%tariff, Laos and Myanmar of 40%, 39%Switzerland, Iraq and Serbia of 35%, while Algeria, Bosnia, Herzegovina and South Africa, will have a 30%tariff rate.
Although tariffs have reductions with respect to the first announced in April, the world has the highest tariff The new tariffs are a “serious demand shock” for countries.
“Many central banks contemplate cuts as the rest of the world slows down a little in front of these tariffs,” said Rajan.
This is not the first time that the price of Bitcoin is affected by the reciprocal tariffs of the United States. In May, the price of the largest digital asset in the market was affected by similar decisions, as cryptoics reported.
For example, when Trump threatened to climb tariffs to the European Union, BTC lost the USD 110,000 mark. Then, when the American justice supported the tariff plan, the currency fell to USD 105,400.
However, BTC has demonstrated, before and now, that it is a resilient asset and that, despite these measures, His tendency remains bullish and tends to quickly recover of these attacks. Proof of this is that Bitcoin played historical maximums of 123,000 two weeks ago and, since then, it has mostly lateralized around USD 118,000.
