US President -elect Donald Trump and Bitcoin.
Cheney Or Ruvic History | Reuters
The cryptocurrency fell on Sunday in a risk step after President Donald Trump, Canada, Mexico and China, hit the import definitions for a long time.
price Bitcoin The last time was 3 %, according to currency standards, a modest loss compared to the broader encryption market. Earlier, it decreased to less than 96,202.42 dollars. the US dollar indexThat has a reverse relationship with Bitcoin, increased by approximately 1 %.
the Coindsk 20 IndexIt measures the 20 largest digital assets by maximum market, decreased 9 %. ether It has declined to its lowest level since November.
The slide started on Saturday night after Trump signed an order Introducing a 25 % tariff on imports From Mexico and Canada, as well as a 10 % duty in China, which will be valid on Tuesday. The United States is about $ 1.6 trillion in the three countries.
Jeff Park, head of alpha strategies for the BitWise Asset Management, said that the sustainable tariff war will be “amazing” for Bitcoin in the long run due to the final weakness of the dollar and the United States.
While many believe that Bitcoin is a hedge against inflation and lack of long -term uncertainty, it is trading like the origins of the short -term risk – and it is likely that it negatively responds to any state of uncertainty about the trade war resulting from the Trump tariff.
Investors see $ 90,000 as the main support level in Bitcoin, and some have warned of a deeper decline of about $ 80,000 in the event of the collapse of the cryptocurrency to without its support.
Bitcoin is about 11 % of its record on January 20 of 109,350.72 dollars. Experienced investors and experienced traders have become accustomed to corrections about 30 % during the bull markets.
