US presidential election Donald Trump and bitcoin.
CHENEY ORR | Dado Ruvic | Reuters
The cryptocurrency fell on Sunday after President Donald Trump attacked Canada, Mexico and China for long -threatening import duties.
Price of Bitcoin According to Coin Metrics, the last $ 93,768.66 was reduced by 7 %. The COINDESK 20 index, which measures up to 20 digital assets with a market capitalization, has decreased by 19 %. ether Since November, 20 % have dropped to the lowest level.
The slide had 10 % of the 10 % duty to China, which will start on Saturday nights and will be effective on Tuesday, after Trump signed an order to impose a 25 % tariff on imports from Mexico and Canada. The United States has a business of about $ 1.6 trillion in three countries.
Jeff Park, director of Alpha Strategies, in Biteise Asset Management, said that the dollar and US fees were ultimately weakened, and long -term bitcoin wars would be “surprising” for long -term bitcoin.
Many believe that bitcoin is a long -term hedge for inflation and uncertainty, but in the short term, it is uncertain about trade wars that are traded like risk assets and caused by Trump tariffs. There is a possibility that it will respond to gender.
Investors are monitoring $ 90,000 as the main support level of bitcoin, warning that if the cryptocurrency falls below support, a deeper pullback of $ 80,000.
Bitcoin’s record of 109,350.72 on January 20 is about 16 %. Veteran cryptocation investors and traders have been used to about 30 % of the bullish markets for many years.
