Cryptocurrencies in freefall: understand the impact of Trump's new tariffs on Bitcoin
Bitcoin's price fell more than 8% after former President Donald Trump announced tariffs on imports from countries such as Mexico and Canada. The market reacted with strong risk aversion.
The trade war rekindles fears of a global recession. Investors seek safer assets, while Bitcoin, seen as volatile, suffers significant devaluation.
With the fall, Bitcoin tests support near US$ 62 thousand. If it breaks this range, analysts fear a new wave of liquidations in the market.
While the geopolitical scenario worsens, the market remains in a wait-and-see mode. Experts reinforce the importance of defensive strategies at this time.