Donald Trump’s political decisions have sharply crashed the bitcoin rate

Bitcoin BTC $96,467.20 Bitcoin -0.30% Market capitalization $1.91 trillion VOL. 24 hours $0.96 billion fell below the $ 100,000 mark after US President Donald Trump announced the introduction of new import duties. According to the White House’s decision, the tariffs will be 25% on goods from Canada and Mexico, and 10% on Chinese imports, including energy from Canada. This move caused instability in the financial markets and affected the rate of the first cryptocurrency, which lost 4.9% over the week.

In response to the US actions, trading partners announced countermeasures. Canadian Prime Minister Justin Trudeau announced the introduction of 25% duties on American goods worth $ 106.5 billion. China announced that it was appealing to the World Trade Organization and preparing additional sanctions. Mexican President Claudia Sheinbaum ordered to develop a «plan B» to protect the national economy.

Analysts see the new duties as a threat to the crypto market, as they could increase inflationary pressures and lead to higher interest rates. Over the past 24 hours, liquidations in the cryptocurrency market have exceeded $ 486 million, with the bulk of the losses coming from long positions.

Experts disagree on the future dynamics of the flagship crypto asset. Some believe that this is only a temporary correction, while others warn of serious consequences of global economic instability. The future situation will depend on the reaction of world leaders and changes in international trade.