Trump’s tariff blames a $ 1 trillion encryption market – has the “chief encrypted” actually achieved?

The ceiling of the cryptocurrency market has witnessed a major trillion dollar reduction since December 2024. This huge sale has been incited by the president Donald TrumpA proposed tariff, causing a bitcoin price significantly.

What happened: The largest encrypted currency in the world, BitcoinLess than $ 80,000 decreased, a decrease of 28 % of the record number of $ 109.241 in January. ethereumThe second largest encrypted currency also witnessed a sale, as it reached its lowest price since January 2024.

President Trump, who described himself as “the chief of encryption” during his campaign, announced plans to impose a 25 % tariff on Mexico and Canada, starting on Tuesday. This announcement has shifted in the investor’s concentration of risky assets to the potential impact of the proposed fees.

Agne LingeWeFi’s growth chief indicated that although there are signs of changing encryption policies, regional tariff wars and dark consumer readings have disturbed the feelings of investors. “Institutional investors seem to escape large bitcoin’s possessions, indicating a possible transformation in the market’s morale,” is it. He said From the inside.

Also read: Exclusively: Eric Trump announces Bitcoin in the future, and the details of the tax -exempt encryption goals for the presidency of Trump

Despite great organizational victories and new leadership in the Securities and Stock Exchange Committee, which offers fewer organization, which is a major part of the Trump agenda, the sector faces total uncertainty. “These are risk origins, and they are useful to uncertainty,” said Coinfund president. Chris Perkins.

Standard Chartard suggested that bitcoin can continue to slip during the weekend, given the lack of positive stimuli in the future. The options traders this week were determining that Bitcoin decreased to $ 70,000.

Why do it matter: Recent developments emphasize the fluctuation of the encryption market and the great influence of geopolitical events on investor morale.

The proposed definitions and uncertainty that followed led to a shift in the concentration of risky assets, causing significant sale in the encryption market.

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