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Donald Trump’s tariff threat to Cryptocurrency Current, prices declines, know bitcoin conditions

After Trump's announcement

Photo: India tv After Trump’s announcement, there was a significant decline in the prices of Etherium, Dogcoin and other popular cryptocurrency

Cryptocurrency suffered a setback after US President Donald Trump announced a plan to put a large tariff on goods coming from Canada, Mexico and China on Saturday. As soon as the tariff was announced, the price of bitcoin fell below $ 100,000. According to PTI reports quoting AP, the values ​​of some famous digital properties have seen a decline of more than 10% in view of the possibility of tariff war. The world’s most popular cryptocurrency fell to around $ 92,000 on Sunday night, which reached approximately $ 99,000 after Trump’s announcement of tariffs on Mexican goods on Monday morning.

Popular cryptocurrency prices fall

According to the news, after the announcement of Trump, there was a significant decline in the prices of Etherium, dogcaoin and other popular cryptocurrency – some declines by more than 10%.

Trump’s Mim Coin, which he launched just before taking over, also saw a huge decline. Independent cryptocurrency analyst Garric Hillman said they are higher risk cryptos than bitcoins. But it is a bit surprising how big the difference is. This was part of the global decline in the financial markets on the eve of the selling trump’s tariff to be implemented.

Mim Coin was around $ 19 on Monday

Trump’s Mim Coin was trading at around $ 19 on Monday, which is about 75% less than the highest level after Trump launched the coin on the eve of his second swearing -in. First Lady Melania Trump’s new Mim Coin has seen a bigger decline from its highest level – about 90% – and currently trading at $ 1.50.

Trump said to Americans-Taurifies may cause some pain

Trump warned Americans that they could have some pain from the tariff, about which he said that it would be worth the price to make America great again. He also said on Sunday night that import tax would definitely be applicable with the European Union and possibly the United Kingdom. Bitcoins were built in 2009 as a type of electronic cash to not be controlled by banks or governments.

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