The markets reacted sharply to China's new export restrictions and the retaliatory introduction of new huge duties by US President Donald Trump. The cryptocurrency market has suffered the largest losses in history, breaking a rather inglorious record. Gives details Gazeta.Pl .
Trump announced the new duties at the end of last week. This, in particular, shook the cryptocurrency market. Bitcoin lost 6.03% of its value in one day (and in the worst case, the drop was 12%), Ethereum — 7.03%, XRP - 9.8%, and Solana - 13.03%. As a result, $19 billion disappeared from the market, which is nine times higher than the previous record.
Bitcoin was valued at $122,000 before Trump announced the imposition of duties, but then fell below $ 108,000. Before the close of trading, it bounced back to $114,000, but then dropped below $112,000 again.
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