#TrumpTariffs President Trump's recent tariffs on imports from China, Canada, and Mexico have significantly impacted cryptocurrency markets. Bitcoin's price plummeted from a peak of $107,000 in January 2025 to approximately $91,000, while Ethereum dropped to around $2,320. These declines are attributed to investor concerns over inflation and economic uncertainty spurred by the tariffs, leading to a shift away from riskier assets like cryptocurrencies. Additionally, the strengthening U.S. dollar, a consequence of the tariffs, has made dollar-denominated assets like Bitcoin more expensive for international investors, further dampening demand. Analysts warn that continued trade tensions could exacerbate market volatility and hinder crypto recovery.
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