‘Bloody’ week in the crypto money market! What will happen now, what are the expectations?

Trump’s customs tariffs and crypto money market

US President Donald TrumpThis week announced that new customs tariffs have been brought for Mexico, Canada and China. This development fueled the global trade war concerns and hit a heavy blow to the markets. In this process, Bitcoin fell to the level of 95 thousand dollars, while Altcoins lost value. Although Trump announced that he had suspended new customs tariffs for Mexico and Canada for 30 days, the market has not yet recovered and investors are worried that there may be more decreases.

Trump after the tariffs brought, announced that he will announce mutual tariffs next week. Experts say that these moves can further climb the trade war.

On the other hand, the crypto currency market continued to decrease despite the fact that the unemployment rate in the United States was lower than expected. In January, 143 thousand new job opportunities occurred in the United States, but the markets were waiting 170 thousand. The unemployment rate fell to 4 percent.

How does the activity of whales affect prices?

BitcoinIt is traded at the levels of 97 thousand dollars by losing approximately 3 percent during the week. Ethereum (ETH) $2,659.9 14 percent of the loss of 2 thousand 600 dollars fell. XRP It is preparing to close the week below 3 dollars by falling 14 percent in the last day. However, the increasing activity of whales increased optimism among some investors.

According to the latest data, XRP whales purchased 520 million coins during this decrease period and Eth Whales continued to buy. Pepe And WIF Whale mobility has increased in Memecoins.

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.