After BTC spiked to $94,700, Trump announced that a 25% tariff will be imposed on all imported steel and aluminum starting from the 10th.

Trump threatened to impose a 25% tariff on all steel and aluminum products imported into the United States from 10th, and reiterated that he will soon announce "equivalent tariffs" on other countries, causing BTC to briefly take a nosedive. (Summary: Analyst: This week's BTC crash is more like a mid-term pullback in a bull market, multiple bullish signals for ETH now?)(Background: U.S. Dollar index rises above 110, U.S. bond yields continue to climb > Barclays Bank: The Fed may only cut interest rates once in June this year) U.S. President Trump said in a joint press conference with visiting Japanese Prime Minister Shindō last weekend that he will announce actions to impose "equivalent tariffs" on multiple countries this week, causing the price of BTC to rise and then fall. And on the 9th, when he went to attend the NFL Super Bowl, he announced on bearish trader number one that from 10th, he will impose a 25% tariff on all steel and aluminum products imported into the United States, including imports from Canada and Mexico. At the same time, he confirmed again that he will announce "equivalent tariffs" on 2/11 or 2/12. (It means that any country that imposes high tariffs on products imported into the United States, the United States will impose equivalent tariffs on its exported products) Earlier, he mentioned: I think this is the only fair way. In this way, no one will get hurt. They charge us. We charge them... I seem to prefer this way rather than fixed fees or tariffs. After BTC's Long Wick Candle, it rebounded again. Trump deepened the risk of a tariff war. When the news came out, BTC also increased its fluctuation. Earlier, it dropped to $94,705 at one point, but quickly rebounded above $97,000. At the time of submission, it temporarily reported $96,177, a 0.83% decrease in the past 24 hours. This week's major economic events: In addition to Trump's possible announcement of launching equivalent tariffs in the next few days: Fed Chairman Powell will testify before Congress and deliver the Fed monetary policy semi-annual report on Tuesday and Wednesday. The important U.S. inflation data, January consumer price index (CPI), will also be released on Wednesday night. Please be cautious about possible fluctuations. Liquidated $220 million in the past 24 hours. After the sudden selling of BTC in the early morning, according to Coinglass data, the total amount of cryptocurrency liquidations on the entire network reached $220 million in the past 24 hours, with long orders liquidated accounting for the majority at $148 million, and short orders liquidated exceeding $80 million, with over 119,000 people liquidated. Related articles: Fed: Trump's tariffs are a source of inflationary pressure, and Powell will suspend rate cuts. Related reports: Weekly Report of the Block: Expectations of Fed rate cuts are hindered, causing BTC to crash; Taiwan's first individual currency dealer buying and selling USDT is arrested; AI agents are still hot. Trump is considering announcing a "U.S. economic emergency" to initiate new tariff policies; Non-farm payrolls lower than expected, strengthening confidence in rate cuts. Fed Director: Fed will cut interest rates more cautiously, and high valuations of U.S. stocks are prone to large pullbacks. This article was first published on BlockTempo, the most influential blockchain news media in the Block Area.