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Bitcoin trims losses after Mexico says tariffs will be paused

US President -elect Donald Trump and Bitcoin.

Cheney Or Dadu Rovic Reuters

Bitcoin cut previous losses, leading 100,000 dollars with an improvement of the risk step, after the United States agreed to The pause of definitions on the goods from Mexico For one month.

price Bitcoin The last more than 2 % was at 101,688.81 dollars, according to currency standards. Earlier, it decreased to $ 91,212.63 in a step on the risks after President Donald Trump struck Mexico, Canada and China with a long -standing tariff threatened during the weekend. It was traded above $ 102,000 on Friday.

shares Coinbase 1 % decreased, while Microstrategy Earn 1.6 %.

“Bitcoin, who holds it better than the rest of the market, enhances its position as the most secure bet in Crypto,” said Ben Corland, CEO of Crypto Research Platform. “When panic enters, liquidity flows into Bitcoin on the most dangerous assets, which proves again that they are the origins of industry reserves.”

On Monday, Trump also signed an executive order that defines plans for The sovereign wealth of the government The fund, which will be a tool for economic development. Although it did not mention Bitcoin, encryption fans speculate that it will be a kind of money that could include the coded currencies confiscated by the government.

Current currencies fell during the weekend after Trump signed an order Introducing a 25 % tariff on imports From Mexico and Canada, as well as a 10 % duty in China. The United States is about $ 1.6 trillion in the three countries.

Bitcoin has seen $ 377.6 million in long qualifiers in a 24 -hour period, according to Coinglass. Ether witnessed $ 479 million in long qualifiers in the same period.

Other metal currencies have seen deeper discounts but were also circulated from the lowest levels of their session. Al -Atheer fell by about 7 % at $ 2,760.88, after trading over $ 3300 on Friday. It was the coins Among the most difficult blow.

Jeff Park, the head of the Alpha Management Strategies at BitWise Asset, said that the sustainable tariff war will be “amazing” for Bitcoin in the long term due to the final weakness of the dollar and the United States.

While many believe that Bitcoin is a hedge against inflation and uncertainty in the long run, it trades like one of the short -term risk assets – and It can bear more pain this month Because of the uncertainty about the Trump tariff.

“Digital assets will be surprised in the end [U.S. Treasury] Jeff Kendrick, an analyst at Standard Chartard, said on Monday note. “Until then, we may be in a few days volatile with a level of $ 90,000 in BTC again in danger.”

Investors see $ 90,000 as the main support level in Bitcoin, and some have warned of a deeper decline of about $ 80,000 in the event of the collapse of the cryptocurrency to without its support.

– Michael Bloom of CNBC contributed to reporting

Do not miss these encrypted visions from CNBC Pro:

https://image.cnbcfm.com/api/v1/image/108087919-1737057485457-Trump_Bitcoin.jpg?v=1737057574&w=1920&h=1080

2025-02-03 19:49:00

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