Bitcoin and Ethereum prices decline due to Trump's new tariffs. Market analysis and impact on digital currency ETFs discussed.
Bitcoin (BTC) and Ethereum (ETH) faced a decline today following the announcement of new digital currency strategic reserves by Donald Trump. Ethereum dropped by 14.7% to $2,082, and Bitcoin decreased by 10% to $83,704. The GMCI 30 index, evaluating the top 30 digital currencies, also experienced a 14% decrease. Analysts attribute this drop to weak economic data and Trump’s tariff statements. Trump declared a 25% tariff on imports from Canada and Mexico and a 20% tariff on imports from China. Bitcoin and Ethereum exchange-traded funds (ETFs) also encountered capital outflows. Analysts believe that after a 600% growth since late 2022, the market has entered a natural resting phase.
