US Imposes 104% Tariff on China: Bitcoin Drops to $67K as Crypto Market Reacts
📅 Updated: April 9, 2025
Author: [OHR]
Table of Contents
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Introduction
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What Happened Today?
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How the 104% US Tariff on China Shook Global Markets
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Crypto Market in Panic: Bitcoin Falls to $67K
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Reasons Behind Bitcoin's Price Drop
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How Altcoins Reacted to the News
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Expert Opinions on the Crypto Sell-Off
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What Should Crypto Investors Do Now?
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Conclusion
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FAQs
Introduction
In a major geopolitical and financial twist, the United States has imposed a 104% tariff on Chinese imports, shaking not only the traditional markets but also sending shockwaves through the cryptocurrency world. Within hours, Bitcoin dropped sharply to $67,000, sparking fear and uncertainty among investors.
This blog covers what happened, why it matters, and how crypto traders should respond.
What Happened Today?
🏛️ White House Announcement
Earlier today, the White House announced:
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A 104% tariff on key Chinese products including electric vehicles, tech components, and industrial metals.
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The move is part of a tougher trade stance against China’s “unfair economic practices.”
This sudden escalation in the US-China trade war triggered panic in multiple financial sectors — including crypto.
How the 104% US Tariff on China Shook Global Markets
📉 Traditional Markets Reacted First
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Dow Jones and NASDAQ fell over 2% within hours.
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Asian markets, especially China’s Shanghai Composite, saw red across the board.
🌐 Why Crypto Followed
Crypto is often considered a risk-on asset, and when investor sentiment shifts toward fear, digital assets are among the first to be sold.
Crypto Market in Panic: Bitcoin Falls to $67K
📊 Bitcoin Price Drop Overview
| Time | BTC Price ($) |
|---|---|
| 24 Hours Ago | $71,500 |
| 12 Hours Ago | $69,800 |
| Now | $67,000 |
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This represents an over 6% drop in under 24 hours.
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Ethereum, Solana, and BNB also saw significant declines.
Reasons Behind Bitcoin's Price Drop
1. Market Uncertainty
Geopolitical tension often causes investors to pull out of volatile assets.
2. Sell-Off by Institutions
Many institutional investors who recently entered the crypto space began offloading assets amid the economic uncertainty.
3. Fear of Recession
This move by the U.S. hints at possible economic retaliation from China, sparking fears of a broader economic slowdown.
How Altcoins Reacted to the News
Altcoins, known for their volatility, reacted even more sharply:
| Coin | % Drop |
|---|---|
| Ethereum (ETH) | -7.2% |
| Solana (SOL) | -9.1% |
| Binance Coin (BNB) | -6.5% |
| Avalanche (AVAX) | -10.4% |
Investors moved to stablecoins like USDT and USDC to avoid further losses.
Expert Opinions on the Crypto Sell-Off
🔍 What Analysts Are Saying:
“Bitcoin's decline is more about macroeconomic fear than blockchain fundamentals.”
— Jane Carter, Crypto Market Strategist
“The 104% tariff shocked the market. Investors are fleeing risk across the board.”
— Thomas Lee, Fundstrat
Some experts believe this is a temporary dip, while others warn it could signal a larger correction ahead.
What Should Crypto Investors Do Now?
📌 Key Tips for Navigating This Volatility:
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Don’t panic sell — market dips are normal in crypto.
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Diversify your portfolio beyond Bitcoin and altcoins.
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Use stop-losses and set clear risk-management rules.
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Keep an eye on geopolitical updates — macro factors are driving the market right now.
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Stay updated with trusted news sources and expert analysis.
Conclusion
The 104% U.S. tariff on China is more than just a trade policy — it’s a global shockwave that has already affected the crypto market, sending Bitcoin tumbling to $67K. Whether this is a short-term dip or the beginning of a larger correction remains to be seen.
For crypto investors, now is the time to stay calm, stay informed, and prepare for volatility.
FAQs
❓ Why did Bitcoin drop after the US tariff on China?
The market interpreted the US-China tension as a sign of global economic instability. Risky assets like Bitcoin were sold off in favor of safer options.
❓ Will crypto recover soon?
Historically, Bitcoin and crypto markets bounce back after macro shocks. However, recovery depends on how trade tensions evolve.
❓ Should I sell my crypto now?
Selling in panic can lead to losses. It’s best to reassess your risk strategy, set stop-losses, and stay informed.
❓ Are stablecoins safe during such crashes?
Stablecoins like USDT, USDC, and DAI are generally considered safer in volatile markets. However, always research the stability of the backing mechanisms.
❓ How long will the crypto market stay volatile?
As long as geopolitical uncertainty remains high, crypto will likely stay volatile. The next 1–2 weeks are critical.
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