Bitcoin (BTC), the main cryptocurrency by market value and the only macro active in the discussion during the weekend, maintained below $ 100,000, low merchant for the third consecutive day, while Canada has Joins Mexico to announce prices for importing reprisals against the United States.
Prime Minister Justin Trudeau said Canada would impose 25% prices on American products, household appliances, after President Donald Trump imposed a 25% rate on Canadian and Mexican imports and 10% on goods from China. China said it would file a case against the United States to the World Trade Organization while producing unpertified countermeasures to protect its interests.
The renewed trade war, associated with mass deportations of illegal migrants from the United States, could add to inflation, weakening the case for rapid FED rate reductions. The low BTC prices probably reflects these concerns and offers risk indices to traditional risky assets. The wider market of cryptography followed BTC below, the Coindesk 20 index lowering 2%.
