Bitcoin\u2019s impressive price surge over the past several days came to a halt hours ago after US President Donald Trump threatened Russia with \u201cvery severe tariffs\u201d if it fails to reach a peace deal with Ukraine within 50 days.<\/p>\n
According to some reports, the POTUS plans to sell US weapons to European countries, who will later transfer them to Ukraine.<\/p>\n
Trump, who promised to end the war in Eastern Europe immediately after becoming president during his election campaign, has had a rather rocky relationship with Ukraine\u2019s Zelenskyy ever since he reentered the White House in January 2025.<\/p>\n
However, his most recent actions have showcased a tougher approach against Russia and its allies:<\/p>\n
\u201cWe\u2019re going to be doing very severe tariffs if we don\u2019t have a deal in 50 days,\u201d Trump said. \u201cTariffs at about 100% you\u2019d call them secondary tariffs. You know what that means.\u201d<\/p>\n
Citing a White House official, CNN reported<\/a> that these secondary tariffs meant 100% taxation against Russia and further sanctions on countries that buy oil from the world\u2019s largest nation by landmass.<\/p>\n Trump\u2019s tariff threats in the past several months have harmed the cryptocurrency market, with the most evident example taking place in April when bitcoin plunged below $75,000 to mark a five-month low.<\/p>\n However, their impact seems muted lately as BTC remained unshaken<\/a> during the weekend when the POTUS said the EU and Mexico will face 30% sanctions starting from August 1.<\/p>\n However, today\u2019s threats impacted the primary digital asset, which dropped below $120,000 after marking a new all-time high<\/a> above $123,000 earlier.<\/p>\n <\/a>BTCUSD. Source: TradingView<\/p>\n If you want to read more about the potential reasons that fueled BTC\u2019s massive $15,000 surge within less than a week, you can check this article<\/a>. However, there are certain warnings about its short-term price direction, which can be seen here<\/a>.<\/p>\n The post Bitcoin Dips Under $120K After Trump\u2019s 50-Day Ultimatum to Russia<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin\u2019s impressive price surge over the past several days came to a halt hours ago after US President Donald Trump threatened Russia with \u201cvery severe tariffs\u201d if it fails to reach a peace deal with Ukraine within 50 days. According to some reports, the POTUS plans to sell US weapons to European countries, who will […]<\/p>\n","protected":false},"author":0,"featured_media":80698,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-80697","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/80697"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=80697"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/80697\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/80698"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=80697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=80697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=80697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![<\/a>BTCUSD. Source: TradingView<\/p>\nIf you want to read more about the potential reasons that fueled BTC\u2019s massive $15,000 surge within less than a week, you can check this article<\/a>. However, there are certain warnings about its short-term price direction, which can be seen here<\/a>.<\/p>\nThe post Bitcoin Dips Under $120K After Trump\u2019s 50-Day Ultimatum to Russia<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Bitcoin\u2019s impressive price surge over the past several days came to a halt hours ago after US President Donald Trump threatened Russia with \u201cvery severe tariffs\u201d if it fails to reach a peace deal with Ukraine within 50 days. According to some reports, the POTUS plans to sell US weapons to European countries, who will […]<\/p>\n","protected":false},"author":0,"featured_media":80698,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-80697","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/80697"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=80697"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/80697\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/80698"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=80697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=80697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=80697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/07\/BTCUSD-14.png\"){kind=link}