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.
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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.
Wanna maybe give even a half-hearted explanation as to what the tariffs have got to do with crypto?
The whole thing is a fraud bitcoin In particular
This is terrible. Trump should resign immediately.
It’s just expensive math
Trump probably has someone related playing the stock market based on these decisions.