Market Update

Today’s encryption prices: Bitcoin decreased to less

Bitcoin Other major encrypted currencies trading on Thursday, where concerns about the escalation of American tariffs were feeding fears of a World Trade War And economic slowdown.

The Trump administration has announced a 10 % basic tariff for imports, with a significant increase in major trading partners, especially in Asia. China faces a 34 % tariff, Japan 24 %, Vietnam 46 %, and South Korea 25 %, while the European Union is imposed 20 %.

According to Fitch classifications, the effective import tax rate in the United States increased to 22 % under Trump, up from only 2.5 % in 2024, which represents its highest level since 1910.

Encryption

The reaction of safe goods and assets was sharply over the news. Brent crude fell more than 2 % to $ 73.28 a barrel, indicating concerns about global economic activity. Gold rose to a record exceeding $ 3,160 an ounce, while the Japanese yen jumped over 1 % to 147.29 dollars, as investors sought safer alternatives to the US dollar.As of 11:23 am, Bitcoin has been trading at $ 83,433, a decrease of 1 % in the past 24 hours, while Ethereum decreased by 2 % to $ 1825. BTC also touched the highest level of the day 88466 dollars before the decline. generally Crossed currency market The value fell 0.97 % to 2.68 trillion dollars.


Avenash Sheikhd, co -founder and CEO of Pi42, said, ” Encryption It fell after the announcement of the Trump tariff, with investors turning into traditional safe havens such as gold. He added that Bitcoin decreased below the main resistance levels, while Ethereum and Solana remain under pressure. The following resistance of BTC is $ 87,800, while support is $ 81,700. “

Also read: Peter Chef says that gold, not bitcoin, is the true threat to the dollar

major altcoinsIncluding XRP, Solana, Dogoin, TONCOIN, ChainLink, Avalanche and Shiba Inu, rose to 4.5 %.

Bitcoin’s market value increased to $ 1.653 trillion, with its dominance to 61.81 %. The trading volume increased by 85.5 % to $ 53.33 billion, while Stablecoin transactions constituted 97.11 % of the total encryption trading, reaching 126.47 billion dollars, according to Coinmarketcap.

“While the market reaction was initially with fluctuations, analysts see long -term opportunities for the United States for local industries to flourish in light of the low foreign competition. The market may settle, which leads to the transition of automatic, which is likely to have a recovery to invest in automatic investments that arrest it to the automaticism that It is arrested.

Read also: R.ROMP tariffs send markets, amid fears of trade war and stagnation

((DisintegrationRecommendations, suggestions, opinions and opinions made by experts are their own. These do not represent the views of economic times)

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