The Bitcoin Dove price of less than $ 101,600 after the administration of President Donald Trump confirmed that the prices on China, Mexico and Canada are imminent. The dive lowered the bitcoin by almost 3% during the last day at a current price of $ 102,060.
During press conferenceThe White House press secretary Karoline Leavitt said that the president will soon implement 25% of prices on Mexico and Canada, while China will face 10% prices. Taxes on imported goods will take effect when the prices are fully revealed on Saturday, she said.
Analysts said the prices could Put the pressure on the price of Bitcoin indirectly, contributing to the strength of the US dollar in the short term.
The federal reserve is being supervised how potential changes in immigration and trade policy may have an impact on its inflation prospects. During the Fed’s December political meeting, civil servants concerned with concern The fact that bringing inflation back to its 2% objective could be difficult under the new president, given the potential policy changes.
While prices could therefore have an impact at the time of rate drops, on which Bitcoin has so far prospered, said the strategist for senior Bitwise investments, Juan Leon Decipher that the capital flow on the markets can also face an immediate impact.
“Protectionist prices tend to slow down capital market flows,” he said. “Investors may fear that prices can drain liquidity with alternative investments such as crypto.”
Before hunting Friday, the Bitcoin price had recovered the losses seen earlier this week as deep in China shaken Technological markets. Thursday, the price of the assets amounted to 3% of its summit of $ 108,780, marked in parallel with the inauguration of Trump on January 20.
In Wall Street, the main stock indices fell on Leavitt’s confirmation. The S&P 500 has dropped by 0.5%, while the heavy nasdaq composite in technology razed 0.3%. The industrial average of Dow Jones has tripped 338 points.
At the beginning of this month, the price of Bitcoin swollen above $ 100,000 for the first time in weeks after Washington Post reported that Trump’s administration was thinking about a couple’s price plan.
Trump pushed back JobReport, but the US dollar has always weakened.
“The history of the Washington Post, citing so -called anonymous sources, which do not exist, wrongly indicates that my pricing policy will be reprimanded”, Trump poster to social truth.
Before Friday’s press conference, the Trump team would have weighed a gradual approach to prices, potentially increasing them every month, according to Bloomberg News.
As Bitcoin fell, some altcoins showed greater losses during the last day. XRP’s price had dropped from $ 3.04, while Solana’s price had dropped more than 4% to $ 230. Dotecoin is down less than 2% compared to a current price of $ 0.327, although it has dropped sharply after breaking the prices. The price of Ethereum, however, had increased by 2% in the last day to $ 3,315.
Edited by Andrew Hayward
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