Bitcoin btcusd After President Donald Trump signed a presidential order from China, Canada and Mexico to impose import tariffs on products, it was less than $ 100,000 for the first time in six days.
The duties imposed have already caused retaliation from three countries, and the cryptographic industry has been divided on how this affects a wider market.
According to a statement from the White House, “Trump has 25 % of additional duties related to imports from Canada and Mexico and 10 % of imports on imports from China. Energy from Canada. Resources have 10 % of tariffs. “
According to the statement, “Trump is responsible for the promise of stopping illegal immigrants and stopping toxic Fentanyl and other drugs from flowing into our country to make Mexico, Canada and China responsible. I am taking bold actions. ”
Credit duties can raise inflation, which can lead to higher interest rates, which allows investors to move from high -risk assets to more traditional assets, such as bonds and period deposits. I will do it.
The three countries immediately retaliated
Immediately after Trump's announcement, Canadian Prime Minister Justin Trudeau announced at a press conference that it would impose 25 % of US products worth $ 106.5 billion.
According to the Chinese Commerce, the Ministry of Commerce has filed a complaint with the World Trade Organization (WTO) and stated that it will “take measures to respond.”
Mexico's President Claudia Shanbaum said in a long post that he had instructed the Secretary of Economic to implement plan B, including tariffs and non -duty measures to defend Mexico's profits.
Following retaliation, Bitcoin has fallen to $ 99,111 to the first psychological $ 100,000 price level since January 27. According to CoinmarketCap, it is traded for $ 99,540 at the time of publication.
According to Coinglass data, a long position of about 22.7 million dollars was settled in four hours to publishing.
The encryption industry has divided how tariffs affect the market.
The cryptographic industry is divided on how much tariffs imposed on a widespread encryption market.
Dan Gambardello, the founder of Crypto Capital Venture, does not agree with the story.
Gambaldello said, “I can't believe that Trump's tariffs and his popular opinion that his Memecoin has ended the bullshicle.”
“Black rock keeps ETH and BTC, but Crypto is currently integrated, so retail stores are desperately panicking,” Gambardello said.
ALPHA Strategies's head of Alpha Strategies said that Jeff Park said, “How much a sustainable tariff war will be for Bitcoin in the long term,” but not all cryptociang commentators agreed.
“Bitcoin has not been sufficiently separated from global markets and transactions, such as recent triple labber technology,” said Adam Cochran, a partner of one opponent, Cinnaeamhain Ventures.
“This size economic aperture means just pain. It's okay to blame it,” said Kokuran.
