๐ Bitcoin plummets to $$ 93,000 amid Trump's new trade war
The cryptocurrency market started the week in strong turbulence, with Bitcoin (BTC) falling 8% and trading at $$ 93,100. Other cryptocurrencies also faced significant drops, as investors react to the new trade war triggered by the United States.
๐ Crypto Market Crash
๐ป Bitcoin (BTC): -8% (US$ 93.100)
๐ป Ethereum (ETH): -20% (US$ 2.500)
๐ป Solana (SOL): -13% (US$ 184)
๐ป XRP: -28% (US$ 2)
๐ป CoinDesk 20 (CD20): -17%
๐ป Memecoin TRUMP: -12%
๐ธ In total, US$ 1.3 billion in long positions were liquidated in the last 12 hours, including US$ 400 million in ETH and US$ 300 million in BTC, according to CoinGlass.
โ ๏ธ What caused this drop?
๐ The determining factor for the mass liquidation in the market was the announcement of 25% tariffs on imports from Canada and Mexico, made by Donald Trump.
๐ The global repercussion was immediate:
๐ European Union: announced that it will respond โfirmlyโ if tariffs are applied to its member states.
๐ Experts warn: tariffs could boost inflation and destabilize the economy.
๐ฐ Wall Street Journal: called the measure โthe stupidest trade war in historyโ.
๐ฌ Meanwhile, the United Kingdom may escape the tariffs, with Trump suggesting a possible agreement. The former president, in turn, responded to the criticism on Truth Social, stating that his opponents were โbeing financed by Chinaโ.
๐ฎ What to expect now?
๐ The market is on high alert ๐จ. Volatility remains high and investors remain alert to the next steps:
โ Reactions from affected countries
โ Impact on the global economy
โ Trump's next statements
The scenario is still uncertain, but one thing is clear: the storm in the cryptocurrency market may be just beginning. ๐ช๏ธ๐ฐ
The cryptocurrency market started the week in strong turbulence, with Bitcoin (BTC) falling 8% and trading at $$ 93,100. Other cryptocurrencies also faced significant drops, as investors react to the new trade war triggered by the United States.
๐ Crypto Market Crash
๐ป Bitcoin (BTC): -8% (US$ 93.100)
๐ป Ethereum (ETH): -20% (US$ 2.500)
๐ป Solana (SOL): -13% (US$ 184)
๐ป XRP: -28% (US$ 2)
๐ป CoinDesk 20 (CD20): -17%
๐ป Memecoin TRUMP: -12%
๐ธ In total, US$ 1.3 billion in long positions were liquidated in the last 12 hours, including US$ 400 million in ETH and US$ 300 million in BTC, according to CoinGlass.
โ ๏ธ What caused this drop?
๐ The determining factor for the mass liquidation in the market was the announcement of 25% tariffs on imports from Canada and Mexico, made by Donald Trump.
๐ The global repercussion was immediate:
๐ European Union: announced that it will respond โfirmlyโ if tariffs are applied to its member states.
๐ Experts warn: tariffs could boost inflation and destabilize the economy.
๐ฐ Wall Street Journal: called the measure โthe stupidest trade war in historyโ.
๐ฌ Meanwhile, the United Kingdom may escape the tariffs, with Trump suggesting a possible agreement. The former president, in turn, responded to the criticism on Truth Social, stating that his opponents were โbeing financed by Chinaโ.
๐ฎ What to expect now?
๐ The market is on high alert ๐จ. Volatility remains high and investors remain alert to the next steps:
โ Reactions from affected countries
โ Impact on the global economy
โ Trump's next statements
The scenario is still uncertain, but one thing is clear: the storm in the cryptocurrency market may be just beginning. ๐ช๏ธ๐ฐ