Down 11,000 dollars
Trump’s tariff announcements weigh on Bitcoin price
Fears of a trade war between the USA and other countries are weighing on the price of Bitcoin. On Monday morning, one Bitcoin cost just under 94,000 dollars on the Bitstamp trading platform. On Friday, it was still 105,000 dollars.
Kronen Zeitung als bevorzugte Google-Quelle hinzufügen However, it then became increasingly clear that the new US government under Donald Trump would introduce the announced punitive tariffs against important trading partners. At the weekend, the US imposed tariffs on goods from Canada, Mexico and China.
Not just a crypto sell-off
Expert Stephen Innes from asset manager SPI Asset Management fears that the turbulence on the crypto market could spill over into other asset classes. It is not just a crypto sell-off, but investors are selling speculative assets. Those who bought on credit need liquidity in the face of falling prices. Private investors are also likely to sell off more profitable positions because they fear more trouble.
In January, when Trump was inaugurated, the price of one Bitcoin had risen to a record of just over 109,000 dollars. Despite the price losses, Bitcoin is still over a third more expensive than before Trump's election as US president in November. Trump has promised to loosen the regulations for cryptocurrencies. He is also in favor of a national Bitcoin reserve for the USA.
This article has been automatically translated,
read the original article here.
Da dieser Artikel älter als 18 Monate ist, ist zum jetzigen Zeitpunkt kein Kommentieren mehr möglich.
Wir laden Sie ein, bei einer aktuelleren themenrelevanten Story mitzudiskutieren: Themenübersicht.
Bei Fragen können Sie sich gern an das Community-Team per Mail an forum@krone.at wenden.