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Bloomberg: After Trump announced his tariff policy, the cryptocurrency market was hit hard
Bitget2025/02/03 01:07
According to the latest report, after Trump announced the imposition of tariffs, the cryptocurrency market was severely impacted. Specifically, BTC fell 4.3% in trading last Sunday, ETH fell 8%, and the sell-off of counterfeit products was more intense, with DOGE falling by about 14%. Counterfeit products such as XRP, ADA, AVAX, and LINK all fell by more than 10%.
Caroline Bowler, CEO of BTC Markets, said: Trump's tariff policies are affecting the entire market, and concerns about a recession caused by trade wars and stagflation are spreading to counterfeit products and the Bitcoin market.
According to a US official, Trump's 25% tariffs on goods from Canada and Mexico and 10% tariffs on Chinese goods will trigger a new round of trade wars.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Bitcoin
BTC
$90,594.69
-0.75%
Ethereum
ETH
$2,998.39
-1.06%
Tether USDt
USDT
$1
+0.07%
XRP
XRP
$2.2
+0.38%
BNB
BNB
$878.79
-1.29%
Solana
SOL
$137.03
-2.46%
USDC
USDC
$1
+0.03%
TRON
TRX
$0.2811
+0.24%
Dogecoin
DOGE
$0.1492
-0.76%
Cardano
ADA
$0.4174
-2.01%
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