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As reported by Forbes, when asked about whether Trump’s tariff announcements were impacting Bitcoin prices, Joe DiPasquale, CEO of cryptocurrency hedge fund manager BitBull Capital, said: “Yes, the recent drop in Bitcoin appears to be largely driven by a broader risk-off sentiment sparked by renewed tariff concerns.
“As seen in past market cycles, Bitcoin tends to behave more like a risk asset than a safe haven, often mirroring movements in tech stocks and other growth-oriented investments.
“The fear of escalating trade tensions—particularly between major economies like the U.S. and China—can prompt investors to shift away from volatile assets like crypto and toward more stable options. This macro uncertainty, combined with profit-taking after Bitcoin’s sharp run-up earlier this year, likely contributed to the sharp sell-off.”
