Bitcoin and most altcoins have become red in the last 12 hours, with BTC pouring below the coveted line of $ 100,000 and many alts displaying substantial losses.
This came after US President Trump signed the order to impose severe import prices from China, Mexico and Canada.
BTC below $ 100,000
Bitcoin’s business week started with a dive that has gone from $ 105,000 to $ 98,000 in hours, but the asset has rebounded and has erased all losses in the coming days. The weekly peak came on Thursday, after the United States Fed left unchanged interest rates, while Bitcoin jumped at more than $ 106,500.
However, he failed to maintain his race and was rejected on Friday, which led to a price drop to $ 101,500. The landscape has worsened in the last 12 hours, while the Bears have propelled another leg which led the cryptocurrency to the good below $ 100,000. In fact, his intra -day hollow came from $ 99,000 (on Bitstamp), which is also retest now.
This drop in prices somewhat unexpected during the weekend could be awarded to the political scene that Trump shaken last night. He signed an order to impose a 10% tax on all imports from China as well as 25% to imports from Mexico and Canada. Only energy from Canada will be taxed at 10%.
Mexico and Canada have retaliated by also imposing American import taxes, while China said it would file a case against the States of the World Trade Organization.
With this drop, the BTC market capitalization fell to 1.970 dollars on CG, while its domination over the alts has climbed to more than 56%.
Alts bleed
As generally happens in such situations, altcoins have been the hardest affected. Ethereum is down $ 3,100 after a daily drop of 4.5%. XRP is less than $ 2.9, while Sol, Doge, Link, Avax, Ton and XLM plunged up to 9%.
Even more painful drops come from virtual, media, Jasmy, Ray, Tao, LDO, Theta, Fet and Gala, because all are down by two figures.
The cumulative market capitalization of all cryptographic assets has lost around $ 150 billion in one day and fell to 3.5 billions of dollars on CG.
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