Trump's customs tariffs also shook crypto markets
The new customs tariffs announced by Trump have caused an earthquake effect in the cryptocurrency market as well. While Bitcoin fell to 82 thousand dollars, many altcoin projects also experienced value losses of nearly 10 percent.
12punto
The customs tariffs announced by US President Trump have caused selling pressure in crypto assets alongside currency markets. Negative scenarios regarding the future of these currencies have come to the fore.
The comprehensive new customs tariffs announced by Donald Trump have also caused sharp fluctuations in the cryptocurrency market.
US Treasury Secretary Scott Bessent warned countries subject to tax increases not to retaliate with tariff hikes, while the EU and China announced they would retaliate.
With this development, European and Asian stock markets started the day with selling, and losses in US futures markets exceeded 3 percent.
BITCOIN FELL TO 82 THOUSAND DOLLARS
Selling was also observed in the cryptocurrency market. Bitcoin, which had risen to the 88 thousand dollar level, fell to 82 thousand dollars following the announcement of the taxes. Many altcoin projects also experienced value losses of nearly 10 percent.
The total value of the cryptocurrency market fell from 2.8 trillion dollars to the 2.6 trillion dollar level.