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Bitcoin is trading at the lowest level of $ 95,300, while Ethereum is at the lowest level of almost two months to impose tariffs by US President Donald Trump, causing the crypto market almost $ 2 billion worth of prisoners.

Crypto market crash.

Crypto market crash.

The cryptocurrency market declined rapidly on Monday as tariffs were imposed US President Donald Trump On Mexico, Canada and China, and likely European UnionThe global trade tariff deepened the war, which has a tradition of about $ 2 billion in the crypto market. During the afternoon trade on Monday afternoon, BitCoin traded at a lower price of three weeks, while Ethereum was at the lowest level in about two months.

According to the crypto trading platform Binnus.comBy 13:58 pm, IST, Bitcoin, was decreasing 4.4 % Among the sentiments of investors buried at $ 95,300, the lowest after January 14, when it, 94,948.1 Well achieved. Another crypto Major, Ethereum, is reduced to 17.8 % to $ 2,556, the lowest since November 4.

“The crypto market is at the edge of the knife between the changing global policies and the sentiments of investors,” said Avinash Shekhar, co -founder and CEO of PI42. There is a struggle, which has a key support level, 000 95,000 and 000 90,000, which explains the war line for bulls and bears. “

Why is the crypto market down today?

According to experts, the crypto market is facing sales due to reducing investors’ sentiments during Trump’s prices.

“Donald Trump has imposed revenue on Canada, Mexico and China, which has led to about $ 2 billion in the crypto market as the whole crypto market is bleeding,” said Shakir.

In a statement echoing a similar ideology, the Queens Switch Markets Desk said in a statement, “With US President Trump imposing widespread taxes on some countries, Asia has recently been one of the biggest pride in the crypto markets in recent times. One is marked, with the last 12 hours lonely. “

US President Donald Trump on Saturday was 25 % tariffs on Canada and Mexico, and 10 percent on China, Tuesday. His safety trade policies launched a new trade war with three US top trade partners.

On Sunday, Trump also said he would implement tariffs on European Union goods, “very quickly”, further affecting the sentiments of investors.

What is ahead in the crypto market?

Shekhar of PI42 said the fortune of digital assets depends on economic factors and confidence in investors. , Pullback above 000 100,000 can increase speed again, though a cautious approach is essential. Crypto markets lead to growth on fluctuations. Apparently, today a downturn market can set a phase of signs tomorrow.

He added, “Meanwhile, India is reviewing its stance on crypto currencies because of changing attitudes to virtual assets in other countries.”

Economic Affairs Secretary Ajay Seth said in an interview that “do not believe in borders, India’s position cannot be unilateral”.

According to the Queens Switch Markets Desk, the BTC has full support around 000 90,000 marks, and it seems unlikely to be broken, especially with gold The height of all time has been targeted. BTC’s domination has also increased rapidly to 61 %, which indicates dangerous emotions in the crypto markets.



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