Trump Tariffs Hit Crypto Hard: Bitcoin Crashes To $93K In Market Shake-Up
The market for cryptocurrencies is under heavy stress. Slipping below the $100,000 level, Bitcoin has been battered by economic uncertainty brought on by US President Donald Trump’s new wave of tariffs. Investors are now on edge, observing anxiously as global markets respond to the rising trade tensions. Related Reading: Arkansas Rejects Bitcoin Mining Crackdown Near […]
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India is reviewing its rules on crypto and security, looking at what other countries, especially the United States, are doing. Major countries like the US are updating their plans for digital assets, and India is also adjusting its strategy to stay in line with global standards. Related Reading: Trump Tariffs Hit Crypto Hard: Bitcoin Crashes […]
As February began, crypto investors found themselves inside a turbulent market after the digital asset space went crashing down, leading to more than $2 billion in crypto liquidations and Bitcoin price plunged near the $90,000 mark. Related Reading: Bitcoin Bull Market At Risk If Key $97,000 Support Level Fails To Hold, Analyst Warns Analysts attributed the current turmoil in the cryptocurrency sector to the new tariffs imposed by President Donald Trump on Canada, Mexico, and China, raising questions on what would be the long-term impact of the tariffs on digital currencies. $2 Billion In....
El Salvador has once again increased its Bitcoin reserves, thereby expanding its ambitious strategy of incorporating cryptocurrency into its national economy. The country’s total Bitcoin holdings have increased by five, bringing the total to an estimated 6,055 BTC, which is worth over $600 million at current prices. Related Reading: Trump Tariffs Hit Crypto Hard: Bitcoin […]
U.S. President-elect Donald Trump has pledged to declare China a currency manipulator on day one of his presidency. During his campaign, he also repeatedly pledged to impose a 45% tariff on Chinese goods. His promises risk creating a trade war between the U.S. and China which could weaken the yuan and accelerate Chinese capital outflows. When the yuan....
Global concern over the possible election of Donald Trump, along with other macroeconomic concerns, could lead to a massive jump in bitcoin transactions, according to a new report. The digital currency that is increasingly being linked to spikes in price during times of economic instability would likely experience such a spike following a Trump election, Juniper Research has found. In interview, research author Windsor Holden said that it was specifically Trump's "aggressive attitude" towards China and Mexico and "bellicose statement towards Muslims" that have him and....