Bitcoin Plummets Towards $90,000 as Trump’s Tariffs Send Crypto Markets Reeling

18

WASHINGTON  DC  (VINnews)-The cryptocurrency market has taken a sharp hit following President Trump’s announcement of new tariffs on Canada, Mexico, and China. The news has sent Bitcoin tumbling 7% to $93,768, while Ether has plummeted a whopping 20%, its lowest point since November.

Join our WhatsApp group

Subscribe to our Daily Roundup Email


 

Traders are now watching the $90,000 mark as a crucial support level, with some analysts warning that a break below this point could send Bitcoin spiraling down to $80,000.

Despite the current sell-off, some experts believe that a prolonged trade war could ultimately benefit Bitcoin in the long run. According to analysts, a weakening dollar could lead to a boost in Bitcoin’s value over time.

Follow VINnews for Breaking News Updates


Connect with VINnews

Join our WhatsApp group

18 Comments
Most Voted
Newest Oldest
Inline Feedbacks
View all comments
beedel
beedel
16 days ago

Wanna maybe give even a half-hearted explanation as to what the tariffs have got to do with crypto?

Yogibera
Yogibera
16 days ago

The whole thing is a fraud bitcoin In particular

Mika Brzezinski
Mika Brzezinski
16 days ago

This is terrible. Trump should resign immediately.

Conservative Carl
Conservative Carl
15 days ago

It’s just expensive math

mee hoo ze
mee hoo ze
15 days ago

Trump probably has someone related playing the stock market based on these decisions.