Bitcoin crash: The selling in the crypto market has increased due to the threat of US President Donald Trump’s tariff war. Bitcoin has fallen on its all -time highest price on 20 percent or $ 21,429.65. Crypto ETFs have also been watching continuous selling for the last one month. Investors are desperate because the price of official Trump and Melania coins issued before the swearing in by the US President has declined by 90 percent.
Investors lost 68 lakh crores
The crypto market has been selling heavy selling for the last one month. Due to which crypto investors get about Rs. Loss of There has been a loss of Rs 68 lakh crore ($ 790 billion). In addition to bitcoins, most of the cryptocurrency, including ethrium, solana, dogcline, have seen a decline of up to 20 per cent. On January 25, the Crypto Market Cap was $ 3.59 trillion, which declined to $ 2.86 at $ 2.86 at 5:00 pm today.
Stable coins are also unstable
Tather, EURQ and PAX coins known for their stability in the Crypto market have also crashed. Whose business is mostly at a fixed price. The reason for the decline in the Crypto market is globally uncertain. The possibility of global trade war has increased, as Trump has threatened to impose mutual tariffs on China and India besides tariff war on Canada and Mexico. Therefore, institutional investors are earning huge profits from the Crypto market. And they are cautious about new investment.
Trump Coin boom, investors are crying
Donald Trump has always had a soft trend towards digital currencies. Therefore, he launched his official coin, official Trump, before taking oath of presidency. At that time, after giving more than 1000 percent returns to investors, it has fallen by 84 percent in just one month. Trump’s wife Melania’s Mim Coin has also fallen by 93 percent.
