Bitcoin price is less than $ 77,000, as Trump’s encryption tariff is disrupted

Topline

It seems that the mutual mutual definitions in President Donald Trump affect the prices of cryptocurrencies on Monday, as the price of bitcoin decreased to less than 77,000 dollars for the first time since Trump’s victory in the elections decreased in November, while the value of other symbols also decreased.

Main facts

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Large number

About $ 360 billion. This is the amount that was made from the total capitalization of the Crypto Global Market since it reached $ 2.78 trillion on April 2, the day that Trump announced the mutual definitions of American trading partners, after it decreased to $ 2.42 trillion on Monday morning, According to To Coinmarketcap.

Why does Trump’s tariff affect encryption?

“There is a lot of noise at the present time,” Jeff Kendrick, head of digital asset research in Standard Charterd, wrote on Sunday, indicating that investors are moving away from encrypted currencies where American markets remain volatile. Julia Chu, Operations Director of Calladan Calfan, told the Calladan, Bloomberg The encryption market is “a pioneering indicator of risk assets,” adding “more pronounced corrections” as the shares interact with the Trump tariff.

How did Trump’s tariff affect the American stock market?

A two -day sale after the Trump tariff was announced last week to survey More than $ 4.9 trillion of the market value between the shares listed in the S&P 500 index, with the leadership of NVIDIA, Apple and Tesla is the largest loss. Dow Jones, S&P and NASDAQ Technology decreased by at least 10 % of the record increase in recent months, while the Nasdaq Stock Exchange has decreased in the first bear market since 2022-after circulating more than 20 % less than its highest level in December. American stocks back To decrease early on Monday, as the future decades of Dow Jones decreased by more than 900 points, while the future contracts of the S&P and NASDAQ decreased by 2.9 % and 3 %, respectively.

Main background

In the period before Trump’s successful re -election in November, Trump suggested making the United States “the planet’s encryption capital”. Trump embraced the encryption industry as he argued that the Securities and Stock Exchange Committee during the era of President Joe Biden had a tougher organizational grip on currency and encrypted exchanges. He sent his Bitcoin election victory to many new standards, including exceeding $ 80,000, $ 90,000 and $ 100,000 thresholds within one month after the election day, before setting their record on the opening day. Trump’s campaign was Backed Through several billion ties with cryptocurrency, including Cofounders Gemini Tyler Winklevoss, Cameron Winklevoss and Ripple’s Christ Larsen. Last month, Trump Declare It was supervised by the creation of a “strategic coding reserve”, including Bitcoin, Ethereum, XRP, Solana and Cardano. This announcement was criticized by some, including Coinbase Brian Armstrong, who claimed that the “best option” for Trump’s reserve will be “only for bitcoin” to be the “gold caliph” of the government.

Shade

Before inaugurated, Trump unveil Meme Coin $ Trump, a digital investment that rapidly increased in value with the maximum market that has crashed 9 billion dollars within days. Trump’s share of the distinctive symbol revenue has not been clarified immediately, although about 80 % of unprecedented symbols owned by CIC Digital LLC and Fight Fight LLC. First Lady Melania Trump later launched $ Mellania. Trump also Firing Liberty Financial in October, a project that lists its children, Eric, Donald Junior and Paron as ambassadors.

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