Bitcoin falls below $80,000 after Trump's tariff announcement
Cryptocurrency hits its lowest point since the beginning of the year
BarcelonaThe cryptocurrency market has experienced a significant decline after US President Donald Trump announced a series of trade tariffs that have deeply affected the stock market and exacerbated global economic tensions. The price of Bitcoin, which reached nearly $87,300 on Wednesday last week, fell below the $80,000 mark on Monday.
Bitcoin fell 5% on Sunday to around $79,000, reflecting investor concerns about the escalating trade war between the United States and China. This decline came after China announced 34% tariffs on all US imports on Friday, in response to previous measures imposed by the Trump administration. On Monday, however, the cryptocurrency hit a year-to-date low of below $74,500, in a further drop that has exceeded 8%. Below you can see the real-time price evolution of Bitcoin.
See the real-time price evolution of Bitcoin.
This drop in Bitcoin's value comes amid widespread volatility in financial markets. Asian and European stock markets are falling again this Monday, which is turning into another dark day for the markets. Trade tensions and tariff policies are affecting not only traditional markets but also digital assets like Bitcoin, which, it must be said, are typically particularly volatile due to their speculative nature.