Bitcoin Is Down 10% Since Trump’s Global Tariff Announcement

Practically everyone in the world of cryptocurrencies celebrated the second election of President Trump, an enthusiastic booster in the sector who promised to transform the United States into the “cryptographic capital of the planet”.

But now the man nicknamed “The first president of Bitcoin” It presides an accident with Bitcoin.

Since Trump announced its global rates last week, the Bitcoin price fell by 10 percent, going down below $ 78,000 on Sunday evening. Bitcoin in January has reached a record price of almost $ 110,000 The day Mr. Trump was inaugurated.

The rapid drop shows that Bitcoin, often launched as a long -term stable source of stable value, is still subject to the largest market gyrasments that has been crammed since Trump has announced large taxes on imports last week. Many investors treat bitcoins like any other technological title, a risky investment that makes sense to sell in difficult times.

Since he won a second term, Trump has widely kept his promises to help the cryptocurrency industry. Has appointed regulators who support encryption and signed an executive order that directs the creation of a government Stockpile of Bitcoin.

At the same time, Trump also expanded his personal investments in the world of cryptocurrencies, marketing a so -called memecoin to his supporters.

But the impact of its rates on the cryptocurrency market brought Some discontented.

“Crypto is strange, but it is mostly related to optimism and appetite risk”, Haseeb Quresehi, a business investor specialized in crypt, written on social media Sunday. “That optimism is crumbling under Trump’s silence.”