Bitcoin crashes to $91,000 as Trump’s tariffs trigger risk-off selloff

Bitcoin plunged 6%, sliding to $91,500, as investors fled risk assets in response to Trump’s new trade tariffs. The shock announcement hit crypto, equities, and commodities, sending Ethereum down 27% and Dow futures tumbling 700 points. With risk appetite deteriorating, traders now assess whether the correction is temporary or the start of a broader downturn. Trump’s Tariffs Spark Panic Selling Across Markets The selloff kicked off after Trump imposed a 10% tariff on all Chinese imports, alongside 25% duties on Mexico and Canada. The immediate reaction saw traders liquidate Bitcoin, sending it down from $97,800 to $91,500, before rebounding slightly to $93,800. Meanwhile, Ethereum nosedived 27%, marking its biggest mid-session drop since 2021. Stock futures followed suit, with the Dow Jones down 700 points, while the US dollar surged 1.2%, benefiting from safe-haven flows. Technical Outlook: Bitcoin Faces Critical Support Bitcoin’s swift decline brings key support at $91,000 into focus. A break below this level could open the door for a deeper correction toward $88,500 and $85,000. On the upside, resistance stands at $95,000, with stronger selling expected at $97,800—the pre-crash level. What’s Next? A Short-Lived Dip or a Deeper Correction? With Trump’s trade war escalating, risk sentiment remains fragile. If panic selling continues, Bitcoin could test lower support levels. However, some traders may view the dip as a buying opportunity, stepping in to accumulate at discounted prices. As markets digest the fallout, volatility is set to remain high, with the next move in crypto and equities hinging on investor reaction to the tariff shock.