Bitcoin was once pushed below $80,000

Bitcoin was once pushed below $80,000 due to U.S. President Donald Trump's remarks on tariffs, even though the producer price index (PPI) slowed in February.

U.S. President Donald Trump's remarks on tariffs pushed Bitcoin further down, even though the producer price index (PPI) slowed in February.

Bitcoin is trading slightly above the $82,000 mark this morning, slightly reducing its fall.

The news that the Trump family and the founder of Binance Zhao Changfeng are trading over their stake in Binance US also drew attention from the market.

Zhao denied this, but the market is expecting the U.S. government to engage in judicial transactions with Binance.

At 11:30 a.m., Bitcoin is trading at $81,957 on Binance, the world's largest exchange, down 2.45% from 24 hours ago.

Bitcoin recovered after plunging to the $76,000 mark on the 11th, but was once again pushed to the $80,000 mark last night by President Trump's remarks on tariffs.

However, altcoins did not show a significant decline the day before because they had already suffered from excessive selling recently.

Ethereum fell 0.44% and Solana fell 0.89%.

President Trump said on his Truth Social on the 13th (local time), "The European Union (EU), the world's most hostile and vicious tax and customs authority, which was born solely for the purpose of using the United States, has just imposed a bad tariff of 50% on whiskey."

"If this tariff is not immediately withdrawn, the United States will immediately impose a 200% tariff on all wine, champagne and alcohol products produced in France and other EU member states," he warned.

President Trump's comments are a response to the EU's retaliatory measures against the U.S. announced the day before.

The European Commission has announced that it will impose tariffs on 26 billion euros (about 41 trillion won) worth of US products.

News of the market's attention is the possibility of judicial transactions between Binance founder Zhao Changfeng and President Trump.

Citing sources, the Wall Street Journal (WSJ) reported on the 13th (local time) that representatives of President Trump's family held talks to acquire a financial stake in Binance's U.S. branch.

The company pleaded guilty in 2023 to violating anti-money laundering requirements and other charges, while billionaire company founder Zhao Changfeng was jailed for four months.

The company agreed to pay a total of $4.3 billion in fines to settle the charges.

According to the WSJ, negotiations between the two sides began last year after Binance contacted Trump's colleagues and offered to make a deal with the Trump family over plans to return the company that had gone outside to the United States.

It is unclear what form the Trump family's stake will take if the deal is completed or whether it will depend on amnesty, the newspaper said.

Zhao claimed on social media X (X, former Twitter) that "there was no discussion about the Binance US corporation," but said, "There is no reason for anyone to refuse amnesty." He added, "We want to develop the virtual asset industry in the United States and around the world."

On the previous day, President Trump's meme coin, "Official Trump," soared as Db.COM's X, which is famous for its virtual asset media, was hacked.

On the 13th, db reported that 'Official Trump', a meme coin with no function, will have a function.

Official Trump jumped nearly 20% in an instant on the news.

However, in about 10 minutes, Db explained that the news was fake and that his X was hacked.

Official Trump also returned all the gains.