The decline in the price of cryptocurrencies is expanding, as the escalation of tariff tensions and the decline in the prospects for further cuts to Federal Reserve has offset the wave of announcements in favor of cryptocurrencies by the Donald Trump last week.

Risk assets, such as cryptocurrencies, have been under pressure since the US Fed marked a cessation of interest rates in mid -December. In addition to uncertainty, Friday’s data showed that unemployment in the US stood at 4.1%, from 4% last month.

The Bitcoin He fell up to 3.7% early Monday and later offset some of his losses to $ 82,568 at 11:30 in London.

“A large rise in ‘underemployment’ at a high 5 -year -old has boosted recession fears and led to lower returns, as interest rate cuts were promoted in early summer,” said Augustine Fan, a colleague of the SignalPlus Cryptor Software.

Trump’s cryptocurrency -friendly attitude, including the executive order for the creation of a US Bitcoin reserve, along with a high profile conference with industry executives in Washingtonhe has done little to stimulate the market climate. While the administration pledged to capitalize on the reserve with cryptocurrencies seized in legal procedures, the absence of new capital commitments disappointed investors.

“The market perceived the summit as sluggish and top cryptocurrencies fell after it was revealed that the widely expected stock of cryptocurrencies would only hold existing state entries,” the Jeff meiManaging Director on the BTSE cryptocurrency Stock Exchange.

Currently, the US holds a bitcoin worth about $ 17 billion and many other brands worth about $ 400 million, largely due to seizures of assets related to civil and criminal cases.

By Februaryinvestors have clearly withdrawn $ 4.4 billion from the US ETFS Bitcoin group, which played a decisive role in the token record last year. The largest cryptocurrencies has been reduced by 25% from the high record of $ 109,241 and the wider cryptocurrency market has lost more than a trillion dollars in capitalization from its climax, according to Coingecko.

“Bitcoin could well fall into the range of $ 70,000- $ 80,000 in the coming weeks. Only when this duty war is over and the Fed continues to reduce interest rates, the top cryptocurrencies will resume the trend towards the previous highs of all time, “Mei added.