Bitcoin (BTC) prices fell below the US$115,000 range. This has once again been affected by President Donald Trump’s political and macroeconomic decisions that announced new tariffs on several countries around the world.
It ends on July 31st and starts on August 1st. BTC prices fell 3.14% to USD 118,800 to USD 114,400The price remains at the end of this report, as seen in the next TradingView graph, before placing itself at 114,900 USD, with a slight recovery.
On Thursday, the White House announced new commercial policies and new tariff plans. It was established that “universal tariffs” on products entering the US remained at 10%.
Meanwhile, a 15% tariff applies to countries where the US maintains a commercial deficit. These are around 40 countries, many of whom receive a lower tax rate on mutual tariffs established on April 2, but for some, that’s higher. Additionally, over 12 countries have tariffs over 15%.
To mention some countries, Syria has a tariff of 41%, 40% in Laos and Myanmar, 35% in Switzerland, Iraq and Serbia, 39% in Algeria, Bosnia, Herzegovina and South Africa have a tariff rate of 30%.
Tariffs have been reduced regarding the first one announced in April, but the world has the highest tariffs The new tariffs are a “severe demand shock” for the country.
“Many central banks are thinking about cutting as other parts of the world slows a little bit before these tariffs,” Rajan said.
This is not the first time that Bitcoin prices have been affected by US mutual tariffs. In May, as reported by Cryptoics, the prices of the largest digital assets in the market were affected by a similar decision.
For example, when Trump threatened to climb tariffs on the European Union, the BTC lost USD 110,000. The currency then fell to US$105,400 when American justice supported the tariff plan.
However, BTC, previously and now, is a resilient asset, and despite these measures, His tendencies remain bullish and tend to recover quickly of these attacks. The evidence for this is that Bitcoin played a historic maximum of 123,000 two weeks ago, and has since been on the left and right sides of around 118,000 US dollars.