Bitcoin Slumps as Tariff Fears and Weak Jobs Data Rattle Investor Confidence

Over the weekend, Bitcoin experienced a significant decline, dropping toward the $112,000 level in what represents the cryptocurrency’s lowest point in three weeks. This downturn reflects broader market uncertainty as investors react to upcoming policy changes and economic data.

The sell-off appears directly connected to concerns over new import tariffs that the Trump administration plans to implement starting August 7. These trade policy measures have created ripple effects across financial markets, with digital assets bearing the brunt of investor anxiety.

🚨 Crypto Is Crashing Again — Here’s EXACTLY Why.

Bitcoin just slid below $113,000.
Ethereum plunged under $3,500.
Solana, Dogecoin, Cardano — down 7–10%.
Over $1 billion in long positions liquidated.
$812 million yanked from Bitcoin ETFs in one day.

This isn’t just a dip.… pic.twitter.com/ctOaNw0Nt8

— Mansa Tesla (@MansaTesla) August 2, 2025

Adding to the market pressure, disappointing employment data released for July has further dampened investor sentiment. The combination of trade policy uncertainty and weaker-than-expected job numbers has created a challenging environment for risk assets like Bitcoin.

Market Sentiment Analysis

The convergence of tariff concerns and weak employment data suggests continued downward pressure on Bitcoin prices in the near term. Traders will likely remain cautious until there’s greater clarity on both trade policy implementation and labor market recovery.