"Bitcoin Plunges Below $100K as Trump's Tariffs Spark Crypto Crash"

Bitcoin's price fell below $100,000 during Donald Trump's revised tariff announcement, marking a significant downturn for the cryptocurrency. The news of increased tariffs on countries like China, Canada, and Mexico sent shockwaves through the crypto market, with Bitcoin and other altcoins experiencing a devastating crash. As the traditional stock market prepares to open, traders anticipate further downside for the crypto sector.

The weekend saw a rough patch for crypto enthusiasts, with Bitcoin (BTC) and Ether (ETH) both experiencing significant losses. BTC fell around 8% in three consecutive days, while ETH slumped to its all-time lowest at 20%. The crypto community is nervous about the impending trade war and its potential impact on the market.

Trump's decision to revise tariffs played a crucial role in the crypto market's instability. However, other factors also contributed to the 8% fall in BTC. Investor reaction, market sentiment, and technical signals all played a part in the price drop. As the market grapples with the aftermath of the tariff announcement, traders are looking for ways to minimize their losses and navigate the volatile landscape.

Real-world assets (RWAs) reached a new cumulative all-time high following Bitcoin's decline below $100,000. RWA tokenization refers to financial and other tangible assets minted on the immutable blockchain ledger, increasing investor accessibility and trading opportunities of these assets. Onchain RWAs have reached a cumulative all-time high of more than $17.1 billion across over 82,000 total asset holders, excluding the value of stablecoins, according to data from RWA.xyz.

Tokenized private credit was the largest onchain asset, worth over $11.9 billion and accounting for 69% of the RWA industry's total $17 billion, while tokenized United States Treasury debt accounted for $3.5 billion. The total value of onchain RWAs rose over 10% during the past 30 days, while Bitcoin's (BTC) price traded nearly flat, falling 1.6% over the past 30 days.

The RWA industry growth in January does not signal a capital exodus from Bitcoin so much as an evolution toward a more diverse crypto ecosystem, according to Marcin Kazmierczak, co