The price of composition, ethereum and a wave swing cryptocurrencies

Crossed currency rates have dropped with the fear of the spate of selling US stocks, bypassing the recent efforts of President Donald Trump to support the encrypted currency industry. Benjib’s price fell by more than 3% in Asia on Tuesday morning, and the price of “Ethereum”, the second largest encrypted currency, fell by 6% to 1756 dollars, which is the lowest daily level since October 2023, according to data collected by “Bloomberg”. Both currencies later reduced some of these losses. The initial declines came after a wave of sale accelerated in US stocks led by technology shares. The “Nasdaq 100” index, dominated by the technological sector, fell by 3.8%, which recorded its worst day since October 2022. Crypting currencies without incentives “Wall Street” are tension after Trump warned that Americans could experience a ‘minor disorder’ by commercial wars with Canada, Mexico and China. Wall Street strategies and economists increase their expectations for the possibility of economic slowdown in the United States. Joshua Lim, co -chair of global markets at Falconx, said: “Now that the cryptocurrency industries obtained an executive order on strategic reserves of bitcoin, there is no longer an extra positive incentive that can raise prices, and it was completely dependent on investors’ lead. With a separate stock of other encrypted currencies, before an important summit of encrypted currencies with senior managers in the Washington sector on March 7 steps that enjoyed wide promotion, but ultimately did not succeed in promoting the market moral. Trade ministry to form “neutral budget strategies” (without increasing the budget deficit) to buy more composition, which means the government will no longer buy cryptocurrencies to add to the stock. “The market is now negatively interacting” with the announcement of a reserve formation of encrypted symbols, “says Hayden Hughes, head of encrypted currencies at the evergreen growth. Funds were one of the largest losers in the market on Monday, the release of profits from encrypted currencies or the associated sectors. said, “There will be a strong purchase request at these levels.”