US President Donald Trump and Bitcoin.
Cheney Orr | Dado Ruvic | Reuters
Crypto currencies collapsed on Sunday at a risky move after President Donald Trump hit Canada, Mexico and China with long -term imported tariffs.
Price of Bitcoin The last one was lower by 3%, according to the measuring data of the coins, a modest loss compared to the wider crypto market. He fell lower than $ 96,202.42 earlier. AND American dollar indexwhich has a reverse relationship with Bitcoin, it has grown almost 1%.
AND Coindesk 20 indexwhich measures the maximum 20 digital property per market cap fell 9%. Ether demolished to the lowest level since November.
Skates started on Saturday night after Trump signed the command Imposing 25% of the heading on imports From Mexico and Canada, as well as 10% of duties in China, which will take effect on Tuesday. Now he does about $ 1.6 trillion in three countries business.
Jeff Park, Head of Alpha Strategiy Management Management Management, said he would be “amazing” for Bitcoin in the long run because of the possible weakening of dollars and US rates.
Although many believe that Bitcoin is a long -term protection against inflation and uncertainty, it is traded in the short term like risky assets – and will probably respond negatively to any uncertainty about the trade war that launched Tariff Trump.
Investors view $ 90,000 as a key level of support in Bitcoin, and some have warned of an even deeper withdrawal towards $ 80,000 if the Crypto currency is significantly spoiled below his support.
Bitcoin is about 11% off its record 20. January in the amount of $ 109,350.72. Experienced crypto investors and traders have become accustomed to corrections of about 30% during the year during the bull market.
