(Dan Tri) - The financial market fell sharply, bitcoin evaporated hundreds of billions of dollars after President Donald Trump imposed taxes on goods from Mexico, Canada and China.
Global financial markets reacted strongly to President Donald Trump's decision to impose tariffs on goods from Canada, Mexico and China over the weekend.
According to data from CoinMarketCap , the price of bitcoin continued to fall sharply on February 3, at one point losing the $93,000/BTC mark. Bitcoin is currently trading around $94,000, the lowest level in the past 2 weeks.
This correction has caused the market capitalization of the world's largest cryptocurrency to evaporate hundreds of billions of dollars, down to $1.87 trillion. Compared to the all-time high set on January 20, the price of bitcoin has decreased by more than 14%.
Previously, bitcoin continued to increase sharply as investors expected a favorable legal environment under President Trump, even the possibility of the President establishing a bitcoin reserve fund.
Bitcoin price plummets (Photo: Binance).
Investors are cutting risk after President Donald Trump announced new tariffs on imported goods. Shortly after President Trump's decision, Canadian Prime Minister Justin Trudeau said he would retaliate by imposing a 25% tariff on American goods ranging from beverages to home appliances.
Meanwhile, China announced that it would file a lawsuit against the US at the World Trade Organization (WTO) and pledged to take retaliatory measures to protect its national interests.
In the financial market, the currencies of countries that were hit by tariffs imposed by President Trump plummeted, with the yuan exchange rate falling to a record low.
Japan's Nikkei 225 index also fell 2.4%, while Australia's AXS 200 index fell nearly 2%. Crude oil futures rose sharply as investors worried that tariffs could disrupt energy trade flows.
"What surprised the market was that Canada and Mexico retaliated immediately, and other economies such as China and the EU could follow suit, causing a drop in global trade. The February 4 date that the US began implementing tariffs on Canada, Mexico and China was also much earlier than expected," said Tony Sycamore, an analyst at financial firm IG, in a report.
Source: https://dantri.com.vn/kinh-doanh/bitcoin-lao-doc-thi-truong-tai-chinh-do-lua-sau-don-thue-cua-ong-trump-20250203105230511.htm
Comment (0)