Market Update

Trump’s tariff threat sends low encryption prices

The prices of cryptocurrency decreased dramatically due to the threat of the trade war between the United States and the main trading partners, as some digital assets decreased more than 10 %. The value of Bitcoin fell to less than 100,000 dollars after US President Donald Trump announced plans for large tariffs on the goods from Canada, Mexico and China.
Ethereum, Dogecoin and other cryptocurrencies have witnessed a decrease in prices since Trump’s declaration at the end of the week. Trump indicated that import taxes will happen with the European Union and perhaps the United Kingdom, warning the Americans that they may suffer from some pain of definitions.

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