Bitcoin, the largest cryptocurrency in the world by market value, fell to a hollow of $ 91,242.89 Monday morning in Asia. However, he exchanged 6.6% less than $ 92,991 at 10:35 a.m. during this time, Ethereum fell by more than 20%, returning to the levels seen for the last time in early September, recovering $ 2,470.
Other major crypto tokens have also experienced strong drops, with XRP down 24%, Solana 8.8%, BNB 16.6%, Dogecoin 25.1%, Cardano 27%, Tron 12%, ChainLink 23 %, Avalanche 25%and sui 22%. Melania’s official official and Trump official fell 12% and 16% respectively.
Cryptographic tracker
The slowdown followed the news of the weekend that US President Donald Trump imposed 25% prices on most Mexican and Canadian imports, and a 10% price on Chinese products on Tuesday.Canada and Mexico, the two main American trade partners immediately promised reprisal measures, while China has announced its intention to challenge the rates of the World Trade Organization.
Cryptocurrencies are negotiated 24/7 and have recently shown increased sensitivity to the broader feeling of the market. Investors are concerned about the fact that prices could affect economic growth and the profits of companies, potentially feeding inflation. “The American president, Trump imposing massive rates on certain countries, the Asian Open marks one of the greatest liquidations of the cryptographic markets recently, with about $ 2 billion liquidations in the last 12 hours” , said the Coinwitch market office. “The BTC has solid support around the bar of $ 90,000, and it seems that it is shortly, especially with gold which recently reached a summit of all Times.
Avinash Shekhar, co-founder and CEO, PE42, said: “The fortune of digital assets depends on macroeconomic factors and confidence among investors. A decline greater than $ 100,000 could very well add dynamics, but the prudent approach is necessary. “
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Bitcoin reached a record summit of $ 107,071.86 on January 20, following Trump’s oath as American president, and increased by 40% since early November, fueled by hopes of cryptographic regulations of the administration Trump.
The global cryptocurrency market Capitalization has dropped 11% in the last 24 hours to around 3 billions of dollars. Stablecoins now represent 92.37% of the total volume of the cryptography market 24 hours a day, at 272.41 billion dollars.
Bitcoin market capitalization fell to 1.849 dollars and its volume 24 hours a day increased by 178.7% to $ 94.12 billion.
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