The last trigger for cryptocurrencies occurred after American tariffs from Mexico and Canada, along with the duplication of taxes to Chinese products, entered into force.
The Cryptocurrencies bounced This Tuesday, March 4 After sinking up to almost 13%, while Bitcoin (BTC) operates near US $ 90,000, according to Binance, Despite the fear of investors to the escalation of the commercial war between the United States and its partners can damage the economy.
The last trigger for cryptocurrencies occurred after American tariffs from Mexico and Canada, along with the duplication of taxes to Chinese products, entered into force. After this, Beijing responded with additional tariffs on US imports and Canada has promised an answer, as well as Mexico. A confrontation between countries could endanger the annual bilateral trade of almost 2.2 billion dollars.
In that context, BTC, the market leader, rebounds 1.4% au $ S88,000. Meanwhile, Ethereum yields 0.5% Au $ S2.167. The rest of the cryptocurrencies bounce after showing strong falls: Cardano advances 6%; and Ripple rises 2.8%.
The President’s latest actions Donald Trump They caused a domino effect on the cryptocurrency market, since in addition to Bitcoin, other digital assets such as Solana, Cardano, Ethereum, Dogecoin, registered strong falls in their prices. Amid the global tension, investors have made secure refuge purchases.
“With Trump 2.0 generating exactly the chaos it promised in the US elections, Western investors are joining the central banks of emerging markets in the purchase of gold as coverage for all types of climate,” said Adrian Ash, head of market research online Bullionvault.
Source: Ambito
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