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The Bitcoin Prize denounced after the administration of President Donald Trump signed a decree Imposing new steep prices on all products imported from China, Mexico and Canada. The maximum part by market capitalization is now down 4.4% during the day and approximately 6.8% compared to last week at a current price of $ 97,754.
Altcoins succeeded much worse than Bitcoin while Trump began a trade war with the largest trade partners in the United States.
Crypto bleeds like import prices imposed by Trump to start on Tuesday
President Donald Trump established 25% rights on all imports of Canada and Mexico and 10% on Chinese goods.
“The sustained influx of illicit opioids and other drugs has deep consequences on our nation, endangering lives and putting strong pressure on our health system, public services and communities”, ” The president posed in his executive decree authorizing the prices.
Although the new samples were initially put into force on February 1, the implementation was pushed to February 4. In addition, a senior White House official said The Wall Street Journal that prices will remain in place until Potus is satisfied, the nations named have interrupted the flow of illegal drugs in the United States
& nbspBefore diving on Friday, the Bitcoin price had erased certain losses observed earlier this week as startup of the Chinese AI Deepseek, upset investors. Thursday, the price of the crypto above all amounted to 3.1% of its lifetime summit of $ 108,786, which was before the inauguration of Trump on January 20.
China, Canada and Mexico are riding
Shortly after President Trump announced the prices, the president of Mexico Claudia Sheinbaum Noted in a post X that she asked the secretary of economy of “Implement plan B” who understands “Tariff and non -tariff measures to defend the interests of Mexico.”
Canadian Prime Minister Justin Trudeau said In an address to the Canadians, Saturday evening, the nation would impose a price of 25% at $ 106.5 billion in American products. Trudeau also announced that Canada also explored non -tariff responses affecting the energy sectors.
Chinese Ministry of Commerce revealed He will depict a complaint with the World Trade Organization (WTO) and “will take corresponding countermeasures”.
Bitcoin plunged under the psychologically significant threshold of $ 100,000 for the first time since January 27 on the heels of reprisals.
Other major cryptocurrencies fell even more difficult than Bitcoin during the day, with ether tumbling from 9.1% to $ 2,962.67, while the XRP favored by Rippage is down by almost 13, 3% to $ 2.59. Solana soil dropped by around 10.6% to $ 201.99, with Dogecoin from more than 15% to $ 0.2718.