Trump's tariff threat sends crypto prices falling

Trump's tariff threat sends crypto prices falling

SeattlePI.com

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Cryptocurrency prices took a hit from the prospect of a trade war between the U.S. and its major trading partners, with some well-known digital assets seeing values fall more than 10%. Bitcoin fell below $100,000 after U.S. President Donald Trump announced plans to start putting large tariffs on goods from Canada, Mexico and China. The world’s most popular cryptocurrency fell to about $92,000 Sunday night before rebounding to about $99,000 by Monday morning after Trump announced a pause on the tariffs on Mexican goods. Ethereum, dogecoin, and other popular cryptocurrencies saw significant price drops – some more than 10% -- following Trump’s weekend tariff announcement.

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