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Bloomberg: After Trump announced his tariff policy, the cryptocurrency market was hit hard
Bitget2025/02/03 01:07
According to the latest report, after Trump announced the imposition of tariffs, the cryptocurrency market was severely impacted. Specifically, BTC fell 4.3% in trading last Sunday, ETH fell 8%, and the sell-off of counterfeit products was more intense, with DOGE falling by about 14%. Counterfeit products such as XRP, ADA, AVAX, and LINK all fell by more than 10%.
Caroline Bowler, CEO of BTC Markets, said: Trump's tariff policies are affecting the entire market, and concerns about a recession caused by trade wars and stagflation are spreading to counterfeit products and the Bitcoin market.
According to a US official, Trump's 25% tariffs on goods from Canada and Mexico and 10% tariffs on Chinese goods will trigger a new round of trade wars.
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Bitcoin
BTC
$86,674.72
-4.62%
Ethereum
ETH
$2,846.18
-5.06%
Tether USDt
USDT
$1
-0.01%
XRP
XRP
$2.07
-6.00%
BNB
BNB
$838.5
-4.29%
USDC
USDC
$0.9999
-0.00%
Solana
SOL
$128.18
-5.74%
TRON
TRX
$0.2782
-0.80%
Dogecoin
DOGE
$0.1389
-6.59%
Cardano
ADA
$0.3917
-5.71%
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