Bitcoin Falls to $90K After Trump Tariff Move

After Trump Tariff Move, Bitcoin declined to $90,000 after briefly attempting to maintain prices above $92,000 on Tuesday .

The pullback followed the announcement by former U.S. President Donald Trump of a 25% tariff on any country doing business with Iran. At the time of reporting, Bitcoin was trading at $91,821.

Over the last 24 hours, Bitcoin and Ethereum slipped by 0.14% and 0.75%, respectively. Among major cryptocurrencies, XRP, Solana, Dogecoin, Cardano, and Hyperliquid recorded declines of more than 2%, while BNB and Tron posted modest gains of 0.12% and 0.07%.

According to the CoinSwitch Markets Desk, geopolitical uncertainty increased following Trump’s tariff declaration. Bitcoin briefly moved above $92,000 before retreating toward the $90,000 range.

The firm also noted that Bitcoin ETFs recorded over $650 million in net outflows during the past week, erasing much of the optimism seen earlier in the year. Meanwhile, traditional safe-haven assets experienced strong gains, with gold and silver rising above $4,500.

Trump Tariff Move on Bitcoin

Giottus CEO Vikram Subburaj stated that Bitcoin was trading around $91,000 on Tuesday, continuing a phase of consolidation following the extreme volatility earlier this month. The asset has fluctuated between $90,000 and $92,300 in recent sessions, suggesting that the market is neither firmly risk-on nor strongly risk-off.

Bitcoin appears to be building momentum while consolidating within this price range. Overall, the leading cryptocurrency continues to display a strong upward trend, which has helped maintain broader market stability.

President Trump also issued a warning that could have longer-term implications for cryptocurrency markets. He stated that if the Supreme Court overturns U.S. tariffs, the United States could face liabilities amounting to hundreds of billions or even trillions of dollars.