Bitcoin slides around $ 90,000 after Trump orders rates

The cryptocurrencies fell on Sunday in a risk movement after President Donald Trump arrived in Canada, Mexico and China with endangered import tariffs.

The price of Bitcoin It was the last lowest by 7% to $ 93,768.66, according to Coin Metrics. He COINDESK 20 INDEXwhich measures the 20 largest digital assets for market capitalization, fell 15%. Ether collapsed to its lowest level since November.

The slide began on Saturday night after Trump signed an order impose 25% tariffs on imports from Mexico and Canada, as well as a 10% tax in China, which will enter into force on Tuesday. The United States ago around $ 1.6 billion in business with the three countries.

Jeff Park, head of Bitwise Management Alfa Strategies, said that a sustained tariff war will be “incredible” for long -term Bitcoin due to an eventual weakening of dollar rates and the United States.

While many believe that Bitcoin is a coverage against inflation and long -term uncertainty, it is quoted as a short -term risk asset, and it is likely that it responds negatively to any uncertainty around the commercial warfare caused by the tariffs of Trump

Investors are seeing $ 90,000 as the key support level in Bitcoin, and some have warned about an even deeper setback around $ 80,000 if the cryptocurrency broke significantly below its support.

Bitcoin has approximately 16% discount on its January 20, $ 109,350.72. Experienced cryptographic investors and merchants have become accustomed over the years to the corrections of around 30% during the upward markets.