Trump -fee pressure on the prices of encrypted currencies

The serious decline in cryptocurrencies affected some of the most speculative encrypted assets at the end of Sunday, a sign that investors will reduce the risks when the markets open on Monday, after the new rates are imposed by Donald Trump. The “Benquin” currency fell 4.3% in Sunday trading, and the Ethereum currency, the second largest encrypted currency in terms of the market value, fell by 8%, while selling in the SO -led alternative currencies was more serious. The ‘Doug Quinn’, which includes Elon Musk as supporter, dropped by 14% during the session, a 45% decline from the highest level it reached on December 8 after Trump’s election victory, an event that motivated the increase in encrypted assets. XRP, Cardano, Avalanche and Chainlink, all alternative currencies, also dropped by more than 10%. Trump’s fees shake the markets. These moves give a clear indication that the customs tariffs that Trump announced during the weekend will shake the financial markets on Monday. The US president imposed 25% fees on goods from Canada and Mexico, and 10% fees on Chinese goods, according to a US official, who threatens to convert world trade and start a new trade war. “The war against customs tariffs imposed by Trump affects the entire market. Fear of commercial wars and intimidation is distributed by the Alternative and the Bachelor currency sector,” says Caroline Bulaler, CEO of BTC Markets. The pressure pressure has led to a decrease in the “Bitcoin” currency to about 97 thousand dollars, the lowest level in more than two weeks. The value of the coded currency has increased over the past few months, with its fans ready for a supporting organizational environment during the Trump, and even the possibility that the president should establish a “bitcoin” reserve.