Bitcoin Breaks Below $99K, Trump Tariffs & The Meme Coin Meltdown

Hey Degens!

If your portfolio feels like it just got slammed through a table WWE-style, you’re not alone. Bitcoin dipped under $99K, altcoins are bleeding, and even Solana is down 30% despite record DEX volume.

So what’s causing the carnage? Trump tariffs.

In classic “this is fine” fashion, Trump slapped a 10% tariff on Chinese imports and a 25% tax on goods from Mexico and Canada, rattling markets across the board. Stocks? Down. AI coins? Dumping. Meme coins? Getting rugged.

The real question: Is this the start of something worse, or just another speed bump in the bull run?

Here’s what we got for you today:

✍️ Bitcoin Crashes Below $99K – Who’s to Blame?
✍️ Trump Tariffs & The Ripple Effect on Crypto
📊 KuCoin’s $300M Oopsie – What It Means for You

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🥶 Bitcoin Dips Below $99K – What’s Going On?

Bitcoin just took a dive under $99K, and everyone’s scrambling for answers. Some say it’s risk-off sentiment from Trump’s tariffs, others point to AI-induced market jitters. Either way, here’s what happened:

💥 Trump slapped a 10% tariff on Chinese goods and a 25% levy on Mexico & Canada. Cue market panic.

💥 AI-related tokens like Near Protocol, Internet Computer, and Render nosedived 8-10%.

💥 DeepSeek’s debut had everyone talking – China’s answer to OpenAI at a fraction of the cost.

And while the stock market got rocked, Bitcoin couldn’t escape the sell-off either. But here’s the kicker—Michael Saylor’s MicroStrategy just scooped up 10,107 BTC ($1.1B worth) at an average price of $105,596.

Saylor sees blood in the streets and buys. Retail sees red and sells. Who do you think is gonna win? 🤔

📉 Trump’s Trade War vs. Crypto – What Happens Next?

Markets hate uncertainty, and Trump just threw gasoline on the fire. His new tariffs are already sparking economic fears:

🔥 U.S. inflation just hit an 8-month high—aka no rate cuts anytime soon. 🔥 General Motors & Ford? Looking at a 25% price hike on imports from Mexico. 🔥 The Fed is not happy, and that’s bad news for risk assets (ahem, crypto).

But wait—Ripple is securing state licenses in New York & Texas. The Trump administration may not have spoken on Bitcoin yet, but this could be an early sign of crypto regulation shifting in the right direction. 👀

🛑 KuCoin Pleads Guilty & Pays $300M Fine

If you had KuCoin on your bingo card for “Who’s Next to Get Wrecked?”, congratulations.

🔻 The exchange just pleaded guilty to operating an unlicensed money-transmitting business. 🔻 They’re paying $300 million in penalties. 🔻 Founders Gan & Tang? They’re out of management roles.

Regulators are tightening the screws, and this won’t be the last exchange in the crosshairs. If you’re still parking funds on CEXs… might be time to reconsider. 🏃💨

Markets are panicking hard—but is it justified?

🔹 Tariffs? Some see them as a power move for the economy. Others think they’ll wreak havoc. Either way, markets don’t like surprises, and right now, they’re reacting hard.
🔹 Retail selling is a classic bottom signal.
🔹 Solana ETF speculation is heating up.

If history tells us anything, this is when smart money loads up. Do with that info what you will. 😉

Stay degen, stay ahead of the game, and don’t get shaken out. 🚀

- The DegenDen Team

Meme of The Day