Bitcoin Drops 8% to $93K as Asia Awakens to Trump's Trade War

2025-2-4 11:50

Bitcoin (BTC), the leading cryptocurrency by market value and the only macro asset open for trading over the weekend, opened Asia's trading week

Canadian Prime Minister Justin Trudeau said the country would impose 25% tariffs on U.S. goods, from drinks to appliances, after President Donald Trump imposed a 25% tariff on Canadian and Mexican imports and 10% on goods from China. China said it would file a case against the U.S. at the World Trade Organization while vowing unspecified countermeasures to safeguard its interests.

The renewed trade war, coupled with mass deportations of illegal migrants from the U.S., could add to inflation, weakening the case for speedy Fed rate cuts. BTC's price weakness likely reflects these concerns and offers risk-off cues to traditional risky assets. The broader crypto market followed BTC lower, with the CoinDesk 20 Index falling over 2%.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Electrify.Asia (ELEC) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: -12.14 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0002539 (-100%)

asia trade war likely fears reflects freeze

Источник: coindesk.com

asia trade → Результатов: 82


Research: Asia maintains its smart money reputation for Bitcoin trading

As with forex trading, crypto markets also trade 24/7 and follow the same conventional three-session trading system, which runs: Asia: 00:00-12:00 UTC Europe: 07:00-19:00 UTC United States: 13:00-01:00 UTC On-chain analysis revealed the extent to which Asia continues to play the role of “smart money,” whereby Asian investors have a knack for buying in times of […] The post Research: Asia maintains its smart money reputation for Bitcoin trading appeared first on CryptoSlate.

2022-8-29 15:35


Mike Novogratz: China’s War On Crypto Is Helping The US Crypto Community

Galaxy Digital CEO Mike Novogratz has shared some geopolitical insights on crypto as Bitcoin (BTC) has continued to trade sideways after plunging below $33,000 on Thursday. US Crypto Community Winning Over Asia Novogratz said in an interview with CNBC’s Squawk Box that Bitcoin’s price is now consolidating between $30,000 and $35,000, implying that the US […]

2021-7-9 20:15


BIS and HKMA Launch ‘TechChallenge’ Seeking Trade Finance Innovations; DLT & IoT Included

The BIS Innovation Hub (BISIH) has partnered with the Hong Kong Monetary Authority to hold a trade finance digitization competition to spur innovative solutions for the sector, especially in Asia. BIS announced on August 3 that global innovators are invited to submit their applications by the end of the month, after which successful participants will […]

2020-8-6 21:40


US House Rep. Member Launches Bill to Promote National Advancement Of Blockchain Tech

The global digital technology integration race is on with leading states in Europe and Asia taking the first step in developing national blockchain strategies. With the U.S. lagging behind, U.S. Representative for Kentucky's 2nd congressional district, Brett Guthrie, presented a bill titled “Advancing Blockchain Act” to the Federal Trade Commission (FTC) to enhance the study […]

2020-5-23 18:10


Фото:

Kraken Acquires Australian Crypto Platform Bit Trade

The global crypto exchanges industry continues to consolidate as some smaller players bow out and the big players try to gobble up as much as they can of the rest. As part of this trend, Kraken has now taken over the Australian platform Bit Trade in a bit to strengthen its foothold in the Asia […] The post Kraken Acquires Australian Crypto Platform Bit Trade appeared first on Bitcoin News.

2020-1-16 15:13


Фото:

Inside North Korea’s evil masterplan to siphon Southeast Asia’s cryptocurrency

North Korea might be posturing to attack Southeast Area’s growing cryptocurrency sector, and experts say it demands international response to reduce the threat. British defense think-tank Royal United Services Institute (RUSI) has warned countries like Singapore, Thailand, Malaysia, and Vietnam could soon become targets of state-sponsored hackers intent on skirting international economic sanctions, CNBC reports.

2019-4-15 12:56


How BOLT’s Tokenized Ecosystem Transforms Content Streaming

BOLT GLOBAL, a blockchain-based content rewards platform, recently made several partnership announcements. First, BOLT’s user access to premium sporting streams just got a boost. The International Cricket Council granted BOLT transmission rights to the 2019 Cricket World Cup for users in Southeast Asia, where Cricket reigns as the number one watched sport.

2019-3-31 10:26


AZBIT ICO

Azbit will provide traditional financial services for crypto projects and private users, as well as access to investment products. We will offer: For blockchain businesses and private individuals: traditional fiat banking and financial services, as well as brokerage services providing access to trading on traditional stock and currency markets.

2019-3-8 16:32


дальше еще 33 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru