Mumbai: The impact of Trump’s strict trade policy is being seen on various markets as well as cryptocurrency around the world and other cryptocurrencies including bitcoins are in a state of ups and downs at this time. After Donald Trump announced the creation of a crypto strategic reserve, the rise in the cryptocurrency market on Monday ended in a single day and bitcoin declined by ten percent.
In the last twenty four hours, bitcoin prices have fluctuated between the highest level of $ 93,778 and the minimum level of $ 82,602, and it reached $ 83,885 late in the evening.
The price of Etherium was at the highest level of $ 2,388 and the lowest level of $ 2,100, and stabilized at $ 2,101 late in the evening. In addition, on Monday, the rise in Crypto prices including XRP and Solana was like a jump.
Investors were shaken in Crypto markets with the announcement of additional tariffs on Canada and Mexico, which came into effect from Tuesday. China has announced a counter -tariff, which is a sign of disruption in the global trade system in the coming days.
There is also a possibility that the proposed impact on the supply of goods as a result of the tariff war may disrupt the global economy.
Despite the pro -crypto initiatives and auxiliary policies, investors see Crypto as a risky asset.
