Tariffs Impact XRP and Bitcoin (BTC) Prices

The cryptocurrency market is facing turbulence as rising US tariffs on key trading partners threaten to escalate tensions, with XRP and Bitcoin (BTC) showing signs of strain.

The cryptocurrency market is experiencing turbulence as rising US tariffs on key trading partners threaten to escalate tensions, with XRP and Bitcoin (BTC) showing signs of strain. The Trump administration’s announcement of 25% tariffs on Canada and Mexico, along with a 10% import duty on Chinese goods, sent shockwaves through global markets, including the volatile crypto sector.

Tariffs Impacting XRP and Bitcoin Prices

The immediate market response to these tariffs was swift and severe. XRP dropped from a January 31 high of $3.1341 to a low of $2.1809 by February 3, reflecting a loss of nearly 30%. The crypto world, already grappling with regulatory uncertainties, was further rattled by the announcement, with Bitcoin (BTC) also tumbling from $106,105 to a low of $91,282 in the same period. The trade war fears pushed investors away from riskier assets, creating selling pressure on both XRP and BTC.

XRP’s Roller Coaster Ride: SEC Appeal Still a Wild Card

Amidst the tariff news, XRP’s future remains inextricably linked to the ongoing SEC appeal. Although recent optimism has emerged with hopes of the SEC withdrawing its appeal in the Ripple case, the regulatory silence continues to weigh heavily on market sentiment. XRP’s price has fluctuated from a high of $3.3999 on January 16 to a February 2 low of $2.5783, underperforming the broader crypto market.

The SEC’s position on its appeal is crucial for XRP’s price trajectory. If the SEC drops its appeal, it could lead to a significant bullish rally, potentially pushing XRP above its all-time high of $3.5505. However, should the SEC proceed with the appeal, the digital asset could face further losses and might drop below the $1.50 mark.

Bitcoin’s Decline: Tariff Announcement and Fed Policies Hit Hard

Bitcoin, often seen as a safe haven within the crypto space, also faltered in response to the US tariff news. The $91,282 low marked a substantial decline from January 31, with investors reacting nervously to the broader trade war concerns. The market is now faced with the possibility of prolonged inflationary pressures if import prices continue to climb, leading to higher Fed interest rates, which could weaken demand for riskier assets.

A key issue weighing on Bitcoin’s performance is the balance between supply and demand. With the potential for outflows from BTC-spot ETFs and the US Bitcoin Reserve (SBR) proposal gaining steam in Washington, the market is keeping a close watch on theласти предложение по Bitcoin Reserve (SBR), набирающее обороты в Вашингтоне, держит рынок в напряжении. Цена BTC чувствительна к действиям правительства и денежно-кредитной политике, что делает Закон о биткойнах 2024 года и действия Федерального резерва критически важными для формирования будущей траектории цены.

Рыночные перспективы: в центре внимания тарифы, апелляция SEC и разработки BTC-SBR

В ближайшие дни участники рынка будут пристально следить за несколькими макроэкономическими событиями, которые могут повлиять на будущее XRP и биткойна. Ключевыми факторами являются решение SEC по апелляции Ripple, продолжающееся влияние тарифов США на мировые рынки и возможное создание Федерального резерва биткойнов США.

В условиях ценовых колебаний и рыночной неопределенности, преобладающих на сцене, инвесторы XRP и BTC должны внимательно следить за этими событиями, поскольку они, вероятно, будут формировать криптоландшафт в ближайшие месяцы.