Bitcoin fell sharply to a nearly one-month low, losing about 7% of its value and reaching $67,391,988,471,177.1. This drop is a result of the elevated trade tariffs imposed by U.S. President Donald Trump, which triggered a global trade war and affected cryptocurrency markets.
Impact of Trump's Tariffs:
- Global stock markets lost about $67.39 trillion since last Wednesday;
- Cryptocurrency markets were also affected, with a loss of about $67.35 billion since last week;
- Risk aversion increased, leading traders to seek safe havens like the Japanese yen and gold.
Bitcoin Performance:
- Bitcoin fell to $67,391,988,471,177.1 but slightly recovered to $67,391,988,471,178.29;
- The world's largest cryptocurrency is close to a one-month low;
- The decline of Bitcoin is part of a broader trend of loss of value in cryptocurrencies.
Other Affected Cryptocurrencies:
- Bitcoin Cash (BCH) fell 9.56% to $67,391,988,471,274.30;
- Wrapped Bitcoin (WBTC) fell 5.81% to $67,391,988,471,178.57;
- The cryptocurrency market as a whole lost about $67.35 billion since last week.
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