Ether, XRP, Doge drowns by 20 % amid Trump’s tariff
The cryptocurrency market is witnessing a bloodbath. Most coins have lost their value with double numbers during the past 24 hours due to US President Donald Trump’s tariff for Canada and Mexico.
Bloodbath
Although Bitcoin It was lost only about 6.5 percent of its value, as it decreased to 93600 dollars, and the situation is dangerous for Altcoins. Ethereum lost more than 20 percent and is now trading less than $ 2,500. XRP, which he witnessed Huge gains recentlyIt has now decreased by more than 22.1 percent.
The encryption market is now pic.twitter.com/8u8vf3vdcf
Anyatrades February 2, 2025
The growing popularity of the mimoz cannot save. Dogecoin, who was played by President Trump and billionaire Elon Musk, decreased by about 23 percent. Baby, another Mimi currency, decreased by approximately 26 percent.
It is one of the most sharp diving in the cryptocurrency market in recent years. Through the total liquidation in the encryption market, $ 2.2 billion in the past 24 hours.
The futures market has wiped more than $ 600 million in the past 24 hours, specifically in the early Asian watches. Coindsk He pointed out that the positions in XRP and Doge lost 150 million dollars cumulating, while other derivatives that follow the price of Altcoins lost $ 138 million. Moreover, the Ether’s -based futures futures lost $ 84 million.
Only in: More than $ 188 billion from the encryption market has been eliminated during the past 24 hours. pic.twitter.com/vzhp1w8cg2
– Watcher.guru (Watchergaru) February 3, 2025
Sell Trump
The bloodbath was operated due to Donald Trump’s executive order, which imposes a highly slope tariff on imports from Canada and Mexico, and two neighboring countries, last Saturday. It also imposed a tariff on imports from China.
Although Trump argues that definitions will protect American interests, his actions are likely to lead to a global trade war. Mexico has already imposed a retaliatory tariff targeting steel, bourbon and American dairy products. Starting on Tuesday, Canada will also impose a 25 percent tariff on US imports of $ 30 billion.
Interestingly, Trump’s victory as 47 US President has greatly paid the prices of cryptocurrencies to the top. He also promised to bring lists supporting the kissbuto and even it I created a working group To explore American encryption policies.
The cryptocurrency market is witnessing a bloodbath. Most coins have lost their value with double numbers during the past 24 hours due to US President Donald Trump’s tariff for Canada and Mexico.
Bloodbath
Although Bitcoin It was lost only about 6.5 percent of its value, as it decreased to 93600 dollars, and the situation is dangerous for Altcoins. Ethereum lost more than 20 percent and is now trading less than $ 2,500. XRP, which he witnessed Huge gains recentlyIt has now decreased by more than 22.1 percent.
The encryption market is now pic.twitter.com/8u8vf3vdcf
Anyatrades February 2, 2025
The growing popularity of the mimoz cannot save. Dogecoin, who was played by President Trump and billionaire Elon Musk, decreased by about 23 percent. Baby, another Mimi currency, decreased by approximately 26 percent.
It is one of the most sharp diving in the cryptocurrency market in recent years. Through the total liquidation in the encryption market, $ 2.2 billion in the past 24 hours.
The futures market has wiped more than $ 600 million in the past 24 hours, specifically in the early Asian watches. Coindsk He pointed out that the positions in XRP and Doge lost 150 million dollars cumulating, while other derivatives that follow the price of Altcoins lost $ 138 million. Moreover, the Ether’s -based futures futures lost $ 84 million.
Only in: More than $ 188 billion from the encryption market has been eliminated during the past 24 hours. pic.twitter.com/vzhp1w8cg2
– Watcher.guru (Watchergaru) February 3, 2025
Sell Trump
The bloodbath was operated due to Donald Trump’s executive order, which imposes a highly slope tariff on imports from Canada and Mexico, and two neighboring countries, last Saturday. It also imposed a tariff on imports from China.
Although Trump argues that definitions will protect American interests, his actions are likely to lead to a global trade war. Mexico has already imposed a retaliatory tariff targeting steel, bourbon and American dairy products. Starting on Tuesday, Canada will also impose a 25 percent tariff on US imports of $ 30 billion.
Interestingly, Trump’s victory as 47 US President has greatly paid the prices of cryptocurrencies to the top. He also promised to bring lists supporting the kissbuto and even it I created a working group To explore American encryption policies.
https://images.financemagnates.com/images/Donald%20Trump%20in%20a%20rally%20for%20his%202024%20Presidential%20election%20campaign%3B%20Photo%3A%20Shutterstock_id_535e345c-1c97-4918-a81a-6efb93aed293_size900.jpg
