Bitcoin slides toward $90,000 after Trump orders tariffs #trading #bitcoin #forex<br />Cryptocurrencies tumbled on Sunday in a risk-off move after President Donald Trump hit Canada, Mexico and China with long-threatened import tariffs.<br /><br />The price of bitcoin<br /> was last lower by 7% at $93,768.66, according to Coin Metrics. The CoinDesk 20 index, which measures the largest 20 digital assets by market cap, dropped 19%. Ether<br /> slumped 20% to its lowest level since November.<br /><br />The slide began Saturday night after Trump signed an order imposing 25% tariffs on imports from Mexico and Canada, as well as a 10% duty on China, which will take effect Tuesday. The U.S. does about $1.6 trillion in business with the three countries.<br /><br />Jeff Park, Bitwise Asset Management’s head of alpha strategies, said a sustained tariff war will be “amazing” for bitcoin in the long-run due to an eventual weakening of the dollar and U.S. rates.<br /><br />While many believe bitcoin is a hedge against inflation and uncertainty over the long term, it trades like a risk asset in the short term — and is likely to respond negatively to any uncertainty around the trade war triggered by Trump’s tariffs.<br /><br />Investors are watching $90,000 as the key support level in bitcoin, and some have warned of an even deeper pullback toward $80,000 should the cryptocurrency meaningfully break below its support.<br /><br />Bitcoin is about 16% off its Jan. 20 record of $109,350.72. Seasoned crypto investors and traders have become accustomed over the years to corrections of around 30% during bull markets.<br /><br />bitcoin crash<br />bitcoin price<br />bitcoin<br />cryptocurrency market<br />btc<br />crypto<br />btc price<br />dogecoin<br />crypto crashing<br />bitcoin<br />bitcoin news today<br />bitcoin live<br />bitcoin news<br />bitcoin mining<br />bitcoin crash<br />bitcoin explained<br />bitcoin price prediction<br />bitcoin mining app<br />bitcoin conference 2024<br />bitcoin update just 1$<br />bitcoin mining explained<br />bitcoin university<br />bitcoin price<br />#bitcoin #bitcoinnews #bitcointoday #bitcoinprice #bitcointrading #bitcoinpricetoday #bitcoinnewstoday #bitcoinlive #bitcoinpriceprediction
