Mumbai: The concerns of American investment sanctions on China have been affected by the Cryptocurrency market, including the major cryptocurrency including Solana, XRP, Atherium, led by Bluechip Crypto Bitcoin. After Trump’s victory, Crypto market has reduced.
Bitcoin fell down from $ 88,000 on Tuesday after being stable at $ 95,000 for a long time. In the last twenty four hours, the price of bitcoin reached a three -month low of $ 87,820.
In the last twenty four hours, Bitcoin has seen the highest level of $ 96,129 and the minimum level of $ 87,820, and was trading at $ 87,900 late in the evening. The other crypto was priced at $ 2,377, $ 2.11 for XRP, $ 2,380 for XRP and $ 133 for Solana. Cryptocurrency’s global market capitalization declined to $ 2.98 trillion.
Crypto market players were shaken after Trump’s statement that not only can be imposed on Canada and Mexico to be imposed on the declared date, but also the ban on Chinese investment in major areas will continue.
In addition, major US economic figures such as weak retail sales, falling consumer trust and recession in manufacturing and service sector have also shaken the market confidence.
Panic has spread in the market due to the re -tariffs on Canada and Mexico. Lack of global money supply is also affecting the market. Significantly, after Donald Trump became the US President, Bitcoin reached an all -time high of $ 108,000. Bitcoin bounced from the hope that Trump would introduce favorable policies for the crypto market, as he is in favor of cryptocurrency.
However, an analyst said that the failure of declaring a specific policy for Crypto after the Trump administration took over, has created confusion in the market.
