Crypto market in Heavy Loss due to Tariff Decisions of Trump, Bitcoin Price Less Than UsD 77,000, Ether Drops 15 Percent

The decision to impose heavy tariffs on many countries of President Donald Trump in the US has affected the markets. There is also a huge decline in the crypto market. The largest cryptocurrency in terms of market capitalization was more than six percent loss in the price of Bitcoin. International Crypto Exchange after this report is published Binance But the price of bitcoin was reduced by more than 6.70 percent to about $ 77,300. The price of the second largest cryptocurrency Ether fell to more than 15 percent to about $ 1,512. Apart from this, the prices of Cardano, Solana, XRP, Tron, Ripple and Cronos have also decreased. In the last one day, Crypto’s market capitalization was reduced by more than eight percent to about $ 2.46 million.

Market analysts say that the Crypto market has had a negative impact due to the US tariffs. Bitcoin’s price has fallen below 80,000 $ 80,000. Most of the cryptocurrency is a lot of damage. This is indicating the onset of recession in the market. However, Billionaire Mark Cuban has advised not to sell as there is a sign of recovery in markets. America’s crypto holdings are to be revealed. If this figure is strong then the market may grow somewhat.

The Ether has a slowdown trend for a few weeks. Recently, the Executive Director of the Council of Advisors of the President on the Digital Assets of the White House, BO HINES, said that the US government is considering ways to use its gold reserve to submit bitcoins. He had said, “If we redeem the profit on Gold Reserve, it will be a good way to buy bitcoin.” Hines also mentioned the Bitcoin Act introduced by Senator Cynthia Lummis. It has been favored to buy about 1 million bitcoins. This will be about five percent of the total supply of bitcoin. Trump also signed on order to create a strategic reserve of bitcoin. America’s Strategic Bitcoin Reserve will include bitcoins seized by the government. <!–

–>