Bitcoin Plummeted to US$85,000 After Trump Signed 20% Tariff on China**
Bitcoin plunged 7.99% to US$85,000 after United States President Donald Trump signed a 20% tariff on China, Monday (03/03) local time.
Not only that, Ethereum also experienced a larger decline of 15.79% to US$2,133, XRP plunged 16.92% to US$2.404. This decline was followed by Solana which dropped 18.77% to US$141.78 and Cardano 19.44% to US$0.8575.
On the other hand, the S&P 500 also fell nearly 2% as the US president stated that Mexico and Canada would not be able to negotiate a postponement of tariffs that would take effect on Tuesday.
SC: crypto academy
