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With the start of February, encryption investors found themselves inside a troubled market after the area of digital assets went ShatteredAnd, which led to more than two billion dollars of encryption and bitcoin price lower near the mark of $ 90,000.
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Analysts have attributed the current turmoil in the cryptocurrency sector to New tariff President Donald Trump imposed on Canada, Mexico and China, raising questions about what will be a long -term impact of definitions on digital currencies.
$ 2 billion in encryption qualifiers
Trump said in a statement that the United States is looking to implement a multiple tariff on the three largest commercial partners, Canada, Mexico and China, a sending procedure Shock waves in encrypted currency community.
Market monitors believe that the Trump Declaration has fueled the collapse across the cryptocurrency sector, which has witnessed a huge qualifications of influence between virtual currencies.
Source: Coinglass
According to Coinglass, More than $ 2 billion in encryption qualifiers It was registered within 24 hours after the announcement of the new tariff planned by the US President.
The data also showed that the prices of first -class cryptocurrencies decreased after traders found themselves in a turbulent market after announcing the customs tariff. Bitcoin decreased to 9,200 dollarsAccording to Coingecko, the lowest price was a virgin encryption in three weeks.
During, Ethereum fell To about 2800 dollars, wiped all the gains it made since early November.
“In the short term, our strength. Merkel Tree Capital, Director of Investment, Investment Director, Director of Investment in Chefir Fund, said in an interview, said that market makers used this customs tariff news course to sweep Pay the price lower.
Definitions may lead to inflation
Analysts said that many investors are concerned that the new tariff will contribute to inflation that may affect feelings on digital origins.
“Crypto is really the only way to express risks during the weekend, and on such news, Crypto resorted to a risk agent,” said Chris Weston, Pepston Research Head, said.
Nick Forster, founder of Defi derivative protocol, believes that the new Trump tariff is likely to push inflation up, which reduces the feelings of investors in encrypted currencies.
“We are already seeing signs of the growing market fluctuations, as BTC fluctuations increased for 30 days by 4 % to 54 % in the wake of these definitions and broader economic certainty,” said Forester.
The founder of the Defi Derivatives Protocol added that it is expected that this volatility will continue to continue that “the negative stimuli is likely to be revealed in the coming weeks.”
Bitcoin mutation?
Jeff Park, head of Alpha Asset Management in BitWise, suggested that Bitcoin might be a possible positive impact on Trump’s tariff policies.
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Park explained that the new customs tariff may weaken the US dollar, which creates a positive situation that can push growth to Bitcoin, saying that with increased tariffs, it will affect local consumers and international trade partners, which may push residents of foreign countries towards that BTC to combat currency.
Distinctive image from Getty Images, the tradingvief chart
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