Bitcoin plunges amid US trade war fears, rebounds after Trump pauses tariffs on Mexico
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1 month, 3 weeks ago

Bitcoin plunges amid US trade war fears, rebounds after Trump pauses tariffs on Mexico

India TV News  

Washington: The cryptocurrency market faced a sharp downturn as concerns over a potential trade war between the United States and its major trading partners rattled investors. On Saturday, Bitcoin slipped below the crucial $100,000 mark following an announcement by US President Donald Trump, who revealed plans to impose significant tariffs on imports from Canada, Mexico, and China. Ethereum, dogecoin, and other popular cryptocurrencies saw significant price drops – some more than 10% -- since Trump's weekend tariff announcement. First Lady Melania Trump's new meme coin has seen an even bigger drop from its all-time high – nearly 90% -- and is currently trading at about $1.50. Cryptocurrencies have enjoyed a surge in value since Trump's election and bitcoin is still trading near its all-time high of $109,000.

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