His fall has exceeded 25% in 6 weeks after he recorded his historical high ($ 109,000) on Donald Trump’s swearing -in day
The Bitcoin He fell below the $ 80,000 threshold for the first time since November 11, due to the hesitations of several investors to acquire high -risk resources, with commercial and geopolitical uncertainties.
Shortly before 06:00 (Greek time), the main digital currency based on circulation was down 5.5% to $ 79,627.
His fall has exceeded 25% in six weeks after he recorded his historical high ($ 109,000) on January 20, the day of his swearing -in Donald Trump in the White House.
The Republican tycoon has adopted positions particularly favorable for cryptocurrencies, has expressed his willingness to relax the regulatory framework for digital resources and talks about creating a Bitcoin national strategic reserve, which will include pre -existing government resources.
The late adoption of cryptocurrencies by the US president has led to a rapid rise in Bitcoin’s price from his electoral victory in November, which also co -operated other cryptocurrencies.
But the threatened US trade war in all Azimuths has darkened investor moods in recent weeks, pushing them to get rid of placements that are considered to be speculative or high risk, such as Bitcoin, and to resort to positions characterized by safe shelters or refugees.
Yesterday, Donald Trump announced that the US will impose additional 10% customs customs duties on China’s products from March 4 and that it would implement the duties it had announced to those of Canada and Mexico on the same day. His statement alone was enough for the fall of Bitcoin.
Analysts do not seem surprise to evolution given “the macroeconomic environment”.
The attitude of several investors over cryptocurrencies was also cold last week, when the historical theft of $ 1.5 billion was revealed by the Bybit platform.
Source: Skai
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