{"id":10779,"date":"2025-01-31T19:02:01","date_gmt":"2025-01-31T19:02:01","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=10779"},"modified":"2025-01-31T19:02:01","modified_gmt":"2025-01-31T19:02:01","slug":"trump-tariff-promise-snuffs-out-bitcoin-rally-for-second-consecutive-day","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=10779","title":{"rendered":"Trump Tariff Promise Snuffs Out Bitcoin Rally for Second Consecutive Day"},"content":{"rendered":"
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It’s deja vu all over again in crypto after a hopeful report on a tariff delay was refuted by the White House.<\/p>\n

To review, President Trump on Thursday promised to impose 25% tariffs on Mexico and Canada beginning Saturday Feb. 1. Having rallied over $106,000 prior to that news, bitcoin (BTC) quickly reversed 2% lower<\/a> to around the $104,000 level. U.S. stocks gave up a chunk of earlier gains, though still finished the session in the green.<\/p>\n

Friday then brought a report from Reuters<\/a> suggesting the tariffs would be delayed until March 1 as a process was put in place to allow countries to seek exemptions for certain exports.<\/p>\n

The White House, though, called that report “false,” with Trump’s Press Secretary Karoline Leavitt minutes ago telling reporters<\/a> the tariffs \u2014 including a 10% levy on China \u2014 will go into effect tomorrow.<\/p>\n

Similar to Thursday, bitcoin earlier had climbed above $106,000 and seemed set on a challenge of a new record above $109,000. The tariff news, however, once again sent prices careening lower, with bitcoin trading just below $103,000 at press time, down 2.3% over the past 24 hours. <\/p>\n

The broader CoinDesk 20 Index<\/a> was off 1.3% over the same time frame, outperforming mostly due to ether’s (ETH) 1.2% advance.<\/p>\n

A check of traditional markets find U.S. stocks still modestly higher, but well off their best levels of the session.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

It’s deja vu all over again in crypto after a hopeful report on a tariff delay was refuted by the White House. To review, President Trump on Thursday promised to impose 25% tariffs on Mexico and Canada beginning Saturday Feb. 1. Having rallied over $106,000 prior to that news, bitcoin (BTC) quickly reversed 2% lower […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-10779","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10779"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/10779\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}