Why the value of the bitcoin is becoming increasingly expired
The course of the Cryptocurrency bitcoin has dropped under the threshold of $ 80,000 for the first time since last November. On Friday morning, the oldest and best-known digital currency was noted at around $ 78,600.
The Bitcoin was on the day of Introduction of Donald Trump As President of the US President on January 20, the previous record high of $ 109,356 increased. Since then, the value for the US dollar has dropped by more than 28 percent.
Other digital currencies such as Ethereum, Solana and Riple, some of them emit even more. The second largest cryptocurrency Ethereum noted eleven percent below the level of the previous day. With a drop in a price to $ 2,100, Ethereum has slipped by 20 percent in the past seven days.
Puneral tariffs press the mood
On the one hand, observers blamed the customs decisions of the Trump government for the price weakness. The US President recently announced that he would raise imports from the European Union in the amount of 25 percent. This announcement not only put pressure on cryptoma markets, but also ensured price discounts at traditional stock markets.
The cryptoma market also suffers from incidents that question the seriousness of digital currencies as a whole. This includes the spectacular billion dollar theft on the bybit in Dubai. There, criminal hackers managed to illegally redirect digital money worth $ 1.5 billion (around 1.44 billion euros).
Donald Trump and wife present their own cryptocoins
The call of the crypto industry was also damaged that Donald Trump has thrown his own digital coin (meme coin) onto the market immediately before taking office. Critics suspect that $ Trump is a classic « pump and dump » scheme. In doing so, worthless digital coins are actually artificially hyped to drive up the price before large quantities are sold, which leads to a dramatic crash. Many investors suffered high losses in the Trump-Meme coin, while insiders benefited.
