#TariffsPause How Bitcoin $BTC and Ethereum (ETH) prices reacted to changes in US tariff policy.
Introduction of tariffs:
In February 2025, US President Donald Trump announced a 25% tariff on imports from Mexico and Canada, as well as 10% on goods from China. These measures triggered a significant market reaction:
- Bitcoin (BTC): The BTC price decreased by 6.6%, dropping to $91,231
- Ethereum (ETH): The ETH price fell by 24%, reaching $2,000 on some exchanges.
Suspension of tariffs:
However, on February 4, 2025, Trump suspended the increase of tariffs on imports from Mexico and Canada for 30 days after negotiations with leaders of these countries. This news had a positive effect on the cryptocurrency market:
- Bitcoin (BTC): The BTC price recovered to $100,000 after the announcement of the tariff delay
- Ethereum (ETH): The ETH price also increased, reaching $2,880 after the news of the tariff suspension