{"id":21248,"date":"2026-02-03T20:01:20","date_gmt":"2026-02-03T20:01:20","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitcoin-sinks-further-due-to-tariff-turmoil-bearish-sentiment\/"},"modified":"2026-02-03T20:01:28","modified_gmt":"2026-02-03T20:01:28","slug":"bitcoin-sinks-further-due-to-tariff-turmoil-bearish-sentiment","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitcoin-sinks-further-due-to-tariff-turmoil-bearish-sentiment\/","title":{"rendered":"Bitcoin sinks further due to tariff turmoil, bearish sentiment"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Bitcoin dropped to fresh lows around $73,000 on Tuesday, its lowest point since early 2025, and is now down more than 15% year-to-date.<\/p>\n<div id=\"cn-block-summary-block_64531b2031277df26bb8c048e7b67d2e\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Bitcoin has continued its downward trend since its October 2025 record high, partly triggered by President Trump\u2019s tariff comments.<\/li>\n<li>Despite supportive policies from a pro-crypto White House and strong institutional interest, Bitcoin\u2019s market has been under pressure.<\/li>\n<li>Bitcoin still trading more like a high-risk asset than \u201cdigital gold.\u201d<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Gold, meanwhile, posted its largest single-day gain since November 2008, recovering from a sharp decline earlier in the week, while silver surged by as much as 15% after a dramatic 27% crash on Friday. <\/p>\n<p>Both metals\u2019 sell-offs were triggered by President Trump\u2019s Fed Chair nomination, Kevin Warsh, which tightened expectations on rate cuts and balance-sheet policy.<\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\" target=\"_blank\" rel=\"nofollow\">CoinGecko<\/a><\/figcaption><\/figure>\n<p>Meanwhile, Bitcoin\u2019s (BTC) drop, over 6% on the day, following a broader crypto slump, with Ethereum falling to $2,100.<\/p>\n<p>The $65,000 level is now emerging as a focal point for market participants. This area represents not just a psychological round number, but a dense cluster of technical confluences that historically attract demand.<\/p>\n<p>Bulls need to reclaim the $87,551 level to reverse the bearish trend, though that seems unlikely in the current market environment. Immediate resistance sits at $80,000 and $84,000.<\/p>\n<h3 class=\"wp-block-heading\">Massive Selloffs <\/h3>\n<p>The cryptocurrency\u2019s drop follows a turbulent year, marked by a steep decline from its October 2025 peak, when it hit a record high. <\/p>\n<p>A series of market-moving events, including President Trump\u2019s tariff comments, triggered a massive selloff that wiped out $19 billion in leveraged bets, with Bitcoin tumbling over 40% since then, according to <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-02-03\/bitcoin-drops-to-lowest-price-since-trump-s-election-victory\" target=\"_blank\" rel=\"nofollow\">Bloomberg<\/a>.<\/p>\n<p>Despite supportive policies from Trump, who pledged to turn the U.S. into the world\u2019s \u201ccrypto capital,\u201d Bitcoin has struggled to regain momentum, now testing critical support levels below $75,000.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin dropped to fresh lows around $73,000 on Tuesday, its lowest point since early 2025, and is now down more than 15% year-to-date. Summary Bitcoin has continued its downward trend&hellip;<\/p>\n","protected":false},"author":1,"featured_media":21224,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-21248","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21248","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=21248"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21248\/revisions"}],"predecessor-version":[{"id":21249,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21248\/revisions\/21249"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/21224"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=21248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=21248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=21248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}