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Reading: Trump’s tariff move did not only hit Bitcoin and Altcoins! They fell hard too!
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EdaFace Newsfeed > Latest News > Crypto News > Trump’s tariff move did not only hit Bitcoin and Altcoins! They fell hard too!
Crypto News

Trump’s tariff move did not only hit Bitcoin and Altcoins! They fell hard too!

vitalclick
Last updated: February 3, 2025 3:42 pm
4 months ago
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Crypto currency shares associated with the Asian markets began with a harsh decline. US President Donald TrumpNews that the new customs tariffs can implement new customs has led to concern among investors. This view Asian marketsIt caused a general wave of sales. Japanese -based metaplanet’s shares lost 9.44 percent in the Tokyo Stock Exchange. The company announced in 2025 that it aims to reach 10,000 BTCs. Hong Kong -based Okg Tech fell by 9.09 percent. Bitcoin $95,293.4‘E (BTC) major investment of Chinese game developer Boya Interactive’s shares also depreciated by 4.64 percent.

US tariffs shook the Asian markets deeplyAsian crypto currency shares fell hard

US tariffs shook the Asian markets deeply

Trump’s Canada, Mexican And Chinesenews that can apply new tariffs to imports from imports led to fluctuations in financial markets. The US markets reacted negatively to these developments on Friday. However, as the Asian markets opened after the closure of US stock exchanges, sales pressure showed its effect on Monday morning.

Japan Nikkei 225 Index While falling by 2.66 percent, South Korean Kospi 2.52 percent fell. Hong Kong Hang Seng Index it remained largely constant. The Shanghai Stock Exchange was not traded due to public holidays.



Investors are worried that trade wars can exacerbate again. Possible additional tariffs may reduce the trade volume between the US and China and increase the perception of risk in regional markets. Crypto Money Market It is also negatively affected by this uncertainty.

Asian crypto currency shares fell hard

Analyst Peter ChungThe decline in Asian markets is a delayed reaction to the developments in the United States. Chung said, “The US markets were negatively closed on Friday. Since the stock exchanges are closed in Asia, we have just seen this pricing. For this reason, there were harsh sales in crypto money shares in Asia. ”

The crypto money market has recently been influenced by macroeconomic uncertainties. The decrease in the general risk appetite in the markets led to the sale of Bitcoin and related shares. Investors are trying to draw a way by closely following the US new economic policies.



Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.

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