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Trump tariff

Bitcoin
2026-07-02 19:45:14

Bitcoin Price Crashes to $108,000: Trump's 100% Tariff on China Sparks Market Panic

Bitcoin price plunged to $108,000 today amid escalating U.S.-China trade tensions after President Trump announced a 100% tariff on Chinese goods and export controls on critical software, effective November 1, 2025. The move came in response to China's tightened rare-earth export restrictions. Bitcoin dropped from $117,000 to below $108,000 in afternoon trading before recovering to $113,000, with high volatility. Other cryptocurrencies fell 20-40%. Global risk assets sold off: S&P 500 fell 2%, Nasdaq 2.7%. Crypto stocks (Circle, Robinhood, Coinbase, MicroStrategy) declined 3-12%. Earlier this month, Bitcoin hit an all-time high of $126,000. Analysts describe the current phase as 'euphoria' and predict potential rally to $180,000–$200,000 if historical cycle patterns hold.

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Bitcoin Price Crashes to $108,000: Trump's 100% Tariff on China Sparks Market Panic
BlackRock
2026-07-02 10:30:14

BlackRock Bitcoin ETF Sees $643 Million Inflows, Biggest Since January

BlackRock's spot Bitcoin ETF (IBIT) recorded $643.16 million in net inflows on April 23, its strongest single-day performance since January 21. Total U.S. spot Bitcoin ETF inflows reached $916.91 million on the same day, marking the fourth consecutive day of positive flows and bringing the week's total to approximately $2.23 billion. ARK 21Shares and Fidelity ETFs also saw significant inflows of $129.5 million and $124.4 million respectively. The inflows coincided with Bitcoin breaking above $92,000, driven by positive signals from the Trump administration on U.S.-China trade relations, confirmation that Fed Chair Jerome Powell would remain in his position, and the pro-crypto stance of new SEC Chairman Paul Atkins. Since their January launch, U.S. spot Bitcoin ETFs have accumulated net inflows of over $37 billion, with total AUM reaching $106.39 billion. BlackRock's IBIT leads with approximately $53.77 billion in net assets and recently won "Best New ETF" at the etf.com awards. The recent streak reverses early April outflows, suggesting renewed institutional confidence in Bitcoin as a strategic asset and inflation hedge. However, trade policy uncertainties and inflation concerns remain risks. Bitcoin traded at $92,840 at press time.

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BlackRock Bitcoin ETF Sees $643 Million Inflows, Biggest Since January