The fear of a trade war between the US and other countries lies in the course of the Bitcoin. On Monday morning a Bitcoin cost nearly $ 94,000 on the Bitstamp trading platform. On Friday it was still $ 105,000.
At that time, however, it became increasingly clear that the new US government will introduce the announced punitive rates against important trading partners under Donald Trump. During the weekend, the United States imposed rates on goods from Canada, Mexico and China.
Not just a crypto -sale
Expert Stephen Innes of the Asset Manager Spi Asset Management fears that the turbulence on the Cryptom market could radiate to other investment classes. It is not only a crypto sale, but investors have sold speculative assets. Those who have purchased on pump need liquidity with a view to falling courses. Private investors will probably also broadcast profitable positions because they feared more incredible.
In January for the inauguration of Trump, the price for a Bitcoin had risen, except for a record of a good $ 109,000. Despite the price losses, Bitcoin is still more expensive than before the election of Trump as US President in November. Trump promised to loosen the rules for cryptocurrencies. He is also for a National Bitcoin reserve in the United States.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
