UP

Crypto prices drop on trade war fears

Home page Economy
12 Punto 14 Punto 16 Punto 18 Punto

Cryptocurrency prices fell on Monday. Bitcoin hit a three-week low, while ether fell to its lowest level since early September. The specter of a global trade war has forced investors to abandon risky assets.

Axar.az reports that Bitcoin, the world's largest and most popular cryptocurrency, fell to $94,476.18 in Asia on Monday morning. This is close to a three-week low of $91,441.89. The value of ether, which is below it, fell by 24 percent. This cryptocurrency last fell in early September.

It should be noted that over the weekend, US President Donald Trump imposed 25 percent tariffs on Mexico and Canada and 10 percent on China.

Canada and Mexico, the US's largest trading partners, promised to take immediate retaliatory measures. China has said it will challenge Trump's tariff decision at the World Trade Organization.

The cryptocurrency market, which is active every day, including weekends, has been sensitive to recent developments. Investors are concerned that the tariffs will negatively affect economic growth and corporate profits, and even lead to inflation.

Date
2025.02.03 / 20:34
Author
Axar.az
See also

Oil prices fall again on global markets

Turkish oil refining giant Tupras shies away from Russia

Azerbaijan Central Bank announces exchange rates

Oil prices rise again on global markets

Oil prices drop again on global markets

Turkish lira hits another record low

Oil prices keep climbing on global markets

Oil prices keep rising on global markets

Oil prices keep rising in global markets

Oil prices rise slightly on global markets

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla