Trump skid Bitcoin: Investors horrified by the drop in the course!

Trump skid Bitcoin: Investors horrified by the drop in the course!

Vienna, Österreich - In the past few days, the Bitcoin course has experienced considerable fluctuations. After a setback on Friday, where the Bitcoin fell below $ 80,000, the cryptocurrency recovered briefly and cost around $ 84,000 in the evening. This reports vienna.at . Bitcoin had previously achieved his record high of over $ 109,000 on January 20, the day of Donald Trump's inauguration. However, the current course is still over 400 percent compared to the value of around $ 16,000.

The latest developments were strongly influenced by the announcement of the Trump government to raise 25 percent tariffs on imports from the European Union. This decision not only led to a burden on the cryptoma markets, but also ensured course reductions in traditional stock markets. Analyst Timo Emden also points out that investors are disappointed because so far no concrete measures to introduce strategic bitcoin reserves have been taken by the US government. Trump had promised during his presidential election to renew the crypto sector, but this has not yet been put into practice, such as t-online.de Fixed.

cryptoma market under pressure

The cryptom market continues to fight with challenges that affect trust in digital currencies. A recent billion dollar theft on the Bybit crypto tour in Dubai, in which criminals have illegally redirected $ 1.5 billion, contributes to uncertainty. These incidents draw attention to vulnerability in the crypto sector, especially after other large cryptocurrencies such as Ethereum have been very popular. Ethereum dropped 11 percent below the level from the previous day and fell by 20 percent within a week, which reinforces the skepticism of many investors. Despite these developments, the market capitalization of the Bitcoin with around $ 1.7 trillion is dominant in the market of over 11,000 cryptocurrencies.