Bitcoin Falls, criticized the ether after Trump’s tariff causing a global step in risk

The cryptocurrency fell in a risk step after President Donald Trump hit Canada, Mexico and China with a long -standing tariff.

price Bitcoin 1.5 % fell on Monday to 96,435.35 dollars – a decrease from a price of more than $ 102,000 before weekend, according to Coin Metrics. The US dollar index, which has a counter -relationship with Bitcoin, increased by about 1 %.

shares Coinbase and Microstrategy It has 6 % and 5 % respectively.

The slide in cryptocurrencies began on Saturday evening after Trump signed a 25 % tariff on imports from Mexico and Canada, as well as a 10 % duty in China. On Sunday night. The United States is about $ 1.6 trillion in the three countries.

“The bulls do not ignore heavily at the present time, as everyone closely monitors to see if we are dealing with negotiation or a commercial war,” James Davis, CEO and co -founder of Trading Platform Crypto Exchang. ”But 110,000 dollars and 120, 000 dollars are still the largest open interest points, so the fluctuations are really the biggest bet to be made. “

Bitcoin has seen $ 376.6 million in the long qualifiers over the past 24 hours, according to Coinglass. Al -Atheer witnessed $ 476.9 million.

“This is not common, especially given the size of the filter – greater than Covid and FTX Meltdown – which makes it the largest liquidation event in the history of industry,” said Philip Xenner, CEO of Crypto Rounding Li.fi. CNBC. “With the elimination of more than two billion dollars in the tied positions … this event has a great impact on the market.”

Bitco Down was more modest than those in other encrypted currencies. ether 12 % decreased to about 2600 dollars. He was trading over $ 3300 on Friday. Metal currencies were among the most difficult blow.

Jeff Park, the head of the Alpha Management Strategies at BitWise Asset, said that the sustainable tariff war will be “amazing” for Bitcoin in the long term due to the final weakness of the dollar and the United States.

While many believe that Bitcoin is a hedge against inflation and lack of long -term uncertainty, it trades like a short -term risk of risk – and may bear more pain this month due to uncertainty about the trade war resulting from the Trump tariff.

“The digital assets will eventually resemble the mixture of the return (American Treasury) (high high performance and low real returns), but it will take over nominal returns to wrap at some point (on growth concerns) to consolidate that, Jeff Kendrick, A. A analyst at Standard Chartard said in the Monday note. “Until then, we may be in a few days volatile with a level of $ 90,000 in BTC again in danger.”

Investors see $ 90,000 as the main support level in Bitcoin, and some have warned of a deeper decline of about $ 80,000 in the event of the collapse of the cryptocurrency to without its support.

Bitcoin price is about 12 % of the record on January 20 of 109,350.72 dollars. Experienced investors and experienced traders have become accustomed to corrections about 30 % during the bull markets.

– Michael Bloom of CNBC contributed to reporting