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.
0
0
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.
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!
You may also like
Jupiter has repurchased JUP tokens worth more than 9 million US dollars
Bitget•2025/03/23 21:17
The Cryptocurrency Panic Index drops to 30, the market is still in a "panic" state
Bitget•2025/03/23 21:12
USDC Treasury has minted an additional 250 million USDC on the Solana chain
Bitget•2025/03/23 20:59
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$85,508.87
+1.73%
Ethereum
ETH
$1,993.9
+0.27%
Tether USDt
USDT
$1.0000
+0.01%
XRP
XRP
$2.42
+1.88%
BNB
BNB
$623.93
-0.58%
Solana
SOL
$131.36
+2.08%
USDC
USDC
$1
+0.00%
Dogecoin
DOGE
$0.1719
+2.32%
Cardano
ADA
$0.7040
-0.02%
TRON
TRX
$0.2300
-3.26%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new Bitgetters!
Sign up now