Cryptocurrency prices showed a mixed performance during Friday's trading, with Bitcoin continuing to rise despite U.S. President Donald Trump's decision to impose tariffs on Bitcoin mining equipment.
Major Bitcoin mining platforms are facing a real crisis following this decision, which poses a strong threat to the crypto industry in the United States.
Trump announced yesterday, Thursday, a 36%, 32%, and 24% tariff on Thailand, Indonesia, and Malaysia, respectively, which are regional hubs for assembling and distributing cryptocurrency mining equipment known as "mining rigs."
However, just a few hours after announcing this decision, Trump announced a postponement of most tariffs for three months, which helped calm the markets.
The price of Bitcoin increased by 0.64% during today's session, trading at the level of $84,687, amidst cautious trading.
The market capitalization of the world's most famous cryptocurrency rose to $1.68 trillion, while its trading volume over the last 24 hours decreased to $21.55 billion.
On a weekly basis, Bitcoin managed to add about 4.75% to its value, despite the violent fluctuations that hit the markets.
As for other cryptocurrency prices, the price of Ethereum decreased by 0.51% today to reach $1,582, while the price of Ripple fell by about 1.04%, recording $2.0612.
The currency lost its value.
