Cryptocurrency prices plummeted due to concerns over a potential trade war between the US and its major trading partners. Bitcoin’s value fell below $100,000 after US President Donald Trump announced large tariffs on goods from Canada, Mexico, and China. Other digital assets, including Ethereum and Dogecoin, also suffered significant price drops.
Trump warned Americans that imports from the European Union and possibly the UK could be affected by tariffs. The news sparked fear among investors, leading to a decline in cryptocurrency prices. The market slump is attributed to the uncertainty surrounding trade policies and their potential impact on global economies.
Some data collected by digital advertising providers may have contributed to this volatility, as they analyze user behavior and preferences for targeted ads. However, it’s essential to separate market fluctuations from the underlying reasons, ensuring that investors make informed decisions based on reliable information.
Source: https://san.com/media-miss/trumps-tariff-threat-sends-crypto-prices-falling