Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Trump's Tariffs Hit Crypto Market: Can Bitcoin Still Break $90,000?

Source Tradingkey

TradingKey - Trump's auto tariffs strike the crypto market again. Can Bitcoin break $90,000?

On Wednesday, President Trump announced a 25% tariff on all imported cars. He also hinted at "reciprocal tariffs" coming soon. Trump's increased tariffs caused a significant drop in the stock market, dragging down the crypto market as well.

Last night, Bitcoin (BTC) continued to rise, peaking at $88,240. Just as it approached the $90,000 mark, the tariff news caused a quick reversal. Bitcoin fell to a low of $85,929. After the stock market closed, Bitcoin's losses shrank, currently at $87,410.

Bitcoin Price Trend Chart, Source: CoinMarketCap

Since 2025, Trump has rolled out various tariff policies. The crypto market seems to have adjusted, showing less volatility than earlier this year. However, $90,000 remains a strong resistance level. Bitcoin may need major positive news, like a rate cut from the Fed, to push past it.

Source

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

September Fed Rate Decision Preview: Is a Rate Hike a Foregone Conclusion? US Stocks, Dollar, and Gold Face a Critical Test The Federal Reserve will announce its September interest rate decision at 2:00 p.m. ET on Wednesday (September 16), followed by a press conference held by Fed Chair Kevin Warsh at 2:30 p.

Author TradingKey

7 hours ago

The Federal Reserve will announce its September interest rate decision at 2:00 p.m. ET on Wednesday (September 16), followed by a press conference held by Fed Chair Kevin Warsh at 2:30 p.

Bitcoin falls below $75,000 as the CLARITY Act fails in the Senate — what the vote means for crypto The US Senate blocked the Digital Asset Market CLARITY Act in a 49-50 procedural vote, sending Bitcoin briefly below $75,000 — its biggest one-day drop since June. Ethereum fell more than 8%, Coinbase slid 10% and $75 billion of crypto market value evaporated. Here is what the vote was, why it failed, and the levels that matter now.

Author Suzie

8 hours ago

The US Senate blocked the Digital Asset Market CLARITY Act in a 49-50 procedural vote, sending Bitcoin briefly below $75,000 — its biggest one-day drop since June. Ethereum fell more than 8%, Coinbase slid 10% and $75 billion of crypto market value evaporated. Here is what the vote was, why it failed, and the levels that matter now.

Silver breaks $64 as precious metals rebound — can gold hold the $4,280 line into the Fed decision?Silver has climbed back above $64 an ounce for the first time this week, leading a broad rebound across precious metals hours before the Federal Reserve delivers what is expected to be its first rate hike since 2023. Spot silver was last at $64.64, up 1.49% on the day, while gold reclaimed $4,300 and platinum and palladium both advanced. The question now is whether the bounce is a genuine turn — or a pause before the Fed's dot plot decides the next move.

Author Suzie

8 hours ago

Silver has climbed back above $64 an ounce for the first time this week, leading a broad rebound across precious metals hours before the Federal Reserve delivers what is expected to be its first rate hike since 2023. Spot silver was last at $64.64, up 1.49% on the day, while gold reclaimed $4,300 and platinum and palladium both advanced. The question now is whether the bounce is a genuine turn — or a pause before the Fed's dot plot decides the next move.

Bitcoin Falls Below $75,000, Crypto Stocks Plunge as Clarity Act Vote Fails Procedural vote on the Clarity Act falters, Bitcoin loses $75,000, and crypto stocks plunge across the board.On September 15, Eastern Time, the U.S. Senate procedural vote ended with 49 v

Author TradingKey

15 hours ago

Procedural vote on the Clarity Act falters, Bitcoin loses $75,000, and crypto stocks plunge across the board.On September 15, Eastern Time, the U.S. Senate procedural vote ended with 49 v

Crude Oil Price Forecast: Brent Nears $110 Amid Saudi Pipeline Outage, How Much Further Can Oil Rise?Supply risks in the Middle East continue to heat up, with international oil prices fluctuating at high levels.During Tuesday's Asian trading session, Brent crude futures (UKOIL-F) rose to

Author TradingKey

Yesterday 08: 34

Supply risks in the Middle East continue to heat up, with international oil prices fluctuating at high levels.During Tuesday's Asian trading session, Brent crude futures (UKOIL-F) rose to

Popular Symbols