Some of the most precious cryptocurrencies have plunged 10% or more during the last day in the middle of fear that a trade war fueled by President Donald Trump’s prices on the main business partners have a negative impact on risk assets.
Bitcoin is now negotiated $ 96,879, down more than 5% over the day and 8% compared to last week, but all other parts in the top 10, excluding stablecoins handles in dollars, are Fallen much more difficult.
Ethereum, for example, is down 10% to $ 2,940, while XRP dropped from 15% on the last day to $ 2.54. The native token of Solana, the chain that hosts Trump’s own piece of memes, fell below $ 200 with a dive of almost 12%, while the original piece of the same Dogecoin feels the pain with an accident daily 16% at less than $ 0.27.
Cryptography prices were already depressed after Trump’s team revealed prices against Canada, Mexico and China on Friday and fell further on Saturday when these orders were signed.
Now that Canada and Mexico have revealed reprisal plans, prices decrease considerably in expectations that prices will have an impact on consumers at all levels and potentially decrease the interest of investing in risky assets such as Crypto-monnaies.
Trump wrote on his social media platform Truth social on Saturday that “pain” could come for Americans.
“It will be the golden age of America!” Trump wrote in All-Caps. “Will there be pain? Yes, perhaps (and maybe not!). But we will make America again large, and all this will be worth the price that must be paid.”
The liquidations of crypto’s term positions have exceeded $ 900 million on the market in the last 24 hours, according to Coinglass data, led by Bitcoin with $ 180 million in liquidations.
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