8 hours agoBitcoin goes down below $100,000
Periskopi(a year ago)
(a year ago)Bitcoin has fallen under $100,000 for the first time in six days after US President Donald Trump signed an executive order to impose import tariffs for goods from China, Canada and Mexico. Set-up tariffs have already caused <x0 take-off” from the three countries, and the cryptov industry is divided on how [...]
The recently imposed tariffs have caused <x0 taken by” from the three countries, and the cryptov industry is divided on how this will affect the wider market, foreign media write.
According to a February 1st statement from the White House, “Trump is implementing an additional 25% fee for imports from Canada and Mexico and an additional 10% fee for imports from China. Energy sources from Canada will have a lower fee of 10%”.
The statement said that “Trump is taking bold action to keep Mexico, Canada and China responsible for their promises of preventing illegal immigration and preventing poisonous phantythanide and other drugs flowing into our country”.
According to warnings, tariffs can increase inflation, potentially leading to higher interest rates, usually causing investors to leave more dangerous assets like crypto, and towards more traditional assets such as hard-term bonds and deposits.
We remember that immediately after Trump's announcement, Canadian Prime Minister Justin Trudeau announced at a news conference that he will impose a 25% fee for American goods worth $106.5 billion.
And China's Trade Ministry reportedly said it would file a complaint to the World Trade Organisation (OBT) and “would take over against the relevant”.
While Mexican President Claudia Shanebaum said in a long post X that she has instructed the Secretary of Economy of “implements the plan B”, which includes “tariff and non-tariff measures in defense of Mexico's” interests.
