"Bitcoin Plunges to $91K Amid Trump's Tariff Storm"

Bitcoin's dramatic plunge to $91,000 amid escalating US trade tensions has left investors wondering if the dump is over. The cryptocurrency market, traditionally a safe haven, has been rattled by President Trump's decision to impose 25% tariffs on imports from Canada and Mexico, and a 10% tariff on Chinese goods. This move has sparked a sell-off across risk asset markets, with Bitcoin and other cryptocurrencies bearing the brunt of the impact.

The BTC/USD pair dropped to its lowest levels since January 13, nearing $90,000, as investors witnessed a significant liquidation event. Billions of dollars were wiped off the market in a matter of hours, with the crypto market cap falling by as much as 21% over three days, totaling a reduction of $760 billion. The US Dollar Index (DXY) reached its highest point since January 13, benefiting from the turmoil in the crypto market.

Market sentiment has taken a hit, with the Crypto Fear & Greed Index plummeting over 30 points in just three days, indicating a strong return of fear among investors. This sentiment is echoed in traditional markets, where the Fear & Greed Index also indicates a prevailing sense of fear.

Financial author and investor Robert Kiyosaki has urged investors to seize the moment as Bitcoin plummets following US President Donald Trump’s newly imposed tariffs. He called the current market drop an excellent opportunity for those looking to build wealth. “Brutal crash here now. The stock, bond, real estate, gold, silver, and Bitcoin markets are crashing. The best assets in the world are going on sale. Millions will lose their jobs. This is the best time to get rich. Do not be a loser. Stay cool. Take care,” Kiyosaki stated in the post.

Indeed, Bitcoin fell as much as 4.3% between Sunday and the early hours of the Asian session on Monday. It dropped below $93,000 for the first time in three weeks. BeInCrypto data shows BTC was trading for $95,810 as of this writing, a modest recovery since the Monday session opened.

Meanwhile, this sharp downturn is largely attributed to US President Donald Trump’s new trade tariffs, announced