Bitcoin price is bracing for a drop to $75,000 as the tariffs imposed by US President Donald Trump weigh on financial markets. Bitcoin miners facing pressure from the declining prices are dumping their holdings, as CryptoQuant data shows they have ramped up selling activity this week. As miners and retail traders sell Bitcoin, how low can BTC price go? Bitcoin price today trades at $80,267 after a 7% drop in 24 hours. Bitcoin Price Reacts to Trump Tariffs As Miners Sell BTC BTC and the US stock market are reeling from a potential trade war between the US and China. Bitcoin price has wiped out nearly all the gains made after Trump’s election after BTC slipped below $80,000 . At the same time, the S&P 500 index has fallen below 6,000 to its lowest level in over a month. The widespread losses come amid President Trump’s tariffs on China and the European Union that have heightened the risk of a potential trade war between the US and these countries. As a result, traders are abandoning risk assets like Bitcoin and stocks. Bitcoin miners have reacted to this development by ramping up selling activity. The Bitcoin Miner to Exchange Flow indicator shows that BTC miners have sent more coins to exchanges this week, adding to the selling pressure that is driving BTC price down. Bitcoin Miner to Exchange Flow The sell-off also coincides with a sharp decline in BTC miner stocks such as Riot Platforms and Hut 8, whose shares have dropped by more than 25% in five days. As a Trump trade war diminishes demand for risk assets and plunges the market sentiment into fear , how low can Bitcoin price go? Will Bitcoin Drop Below $75K? The recent drop below $80,000 has stirred a bearish Bitcoin price prediction . Analyst Arthur Hayes opines that BTC faces one more violent downswing before consolidating. He said, “Looking at this price action I think we have one more violent wave down below $80K, most likely over the weekend, then crickets for a while.” At the same time, $1.8 billion in bids have appeared on Binance Futures between the $70,000 and $79,000 price range. While these bids show strong buy-side interest for Bitcoin below the $80,000 price, it also shows that large players are positioning themselves for volatility and another leg down. Binance BTC Futures Additionally, CryptoQuant CEO Ki Young Ju, anticipates a swing low to $75,000, before the price consolidates within a wide range between $75,000 – $100,000. Per the analyst, Bitcoin price may continue trading between these levels until new liquidity stirs another rally. Bitcoin Needs Organic Buyers For Price Recovery – Analyst Master Ventures founder Kyle Chasse, also anticipates that Bitcoin price will likely continue crashing until BTC finds “real organic buyers” According to him, the current crash was because of the unwinding cash and carry trade by arbitrage traders. The analyst noted that hedge funds that were previously profiting from the Bitcoin futures premium are now closing their positions, causing a surge in selling activity. X As these factors – Trump tariffs, lack of liquidity, and surging liquidations – come into play, the market sentiment towards Bitcoin price is likely to remain sour. This may stir an extended downtrend towards the $70,000 to $75,000 price range. The post Bitcoin Price Braces for $75K Drop as Trump Trade War Fuels BTC Miner Selloff appeared first on CoinGape .
