Singapore/Paris (Reuters) -Cryptoclencies slid down on Monday, Bitcoin was three weeks lower, and trade war scared investors, causing sales throughout the financial market.
Bitcoin, the world’s largest cryptocurrency, dropped $ 95,730.35 at 0941 GMT and 6.2 % per day with a three -week low of $ 91,441.89. The small cryptocurrency ether has lost nearly 25 % since Friday, marking up to three days since November 2022. Finally, I got $ 2592.14.
On weekends, US President Donald Trump imposed a 25 % tariff on most imports in Mexico and Canada on Tuesday, and imposed 10 % of China’s products.
Canada and Mexico, the top two US trading partners, have prompted retaliation, and China will challenge the tax of Trump in World Trump.
According to COINGECKO data, almost one -quarter of 100 maximum cryptocurrencies lost more than 20 % in the past 24 hours.
US cryptographic coin -based stocks have decreased by 5.5 % in pre -market transactions.
According to Coingecko, Trump’s own cryptocurrency $ fell below $ 20. The cryptocurrency, which was released shortly before Trump was inaugurated, had increased rapidly and reached a high price of $ 73 on January 19.
Cryptocurrencies have been traded 24 hours a day, including weekends, and have recently been more sensitive to the larger emotions in the market. Investors are worried that tariffs will hurt their growth and corporate profits and are inflation.
“Crypto is the only way to express risks on the weekend, and we rely on risk proxy in the news like Crypto,” said Pepperstone’s research manager, CHRIS WESTON.
According to Joseph Edwards, a research manager of Enigma Securities, some buyers consider it as “risk -off assets”, so some buyers are “risk -off”. Some of them were sharply lower than ether because they thought they were assets. 。
“What we’ve seen is not as long as the ether is a hard hit (most of the market is decreased as well), but rather bitcoin is unique,” said Edwards. Ta.
Disappointment
Some investors have gathered in the trigger of Trump’s elections, as he has been disappointed with the lack of immediate movements to boost encryption and loosen regulations since he took office. Later, a downward pressure is added to the cipher.
Bitcoin was $ 107,071.86 when Trump was sworn on January 20 as the 47th US President and increased by 40 % in the early November election, with 40 % of the time in anticipation of a friendly regulation from the Trump administration. I touched on the record high.
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