The main cryptocurrencies experienced a drop on Monday following the announcement of new American rates on some of its allies, fueling the fears of potential escalation in global trade tensions. Bitcoin fell to a hollow of three weeks, and Ethereum has reached its lowest level since September, while investors were trying to leave risky assets. However, Bitcoin, the largest cryptocurrency in the world by market capitalization, quickly rebounded from $ 90,000 to more than $ 101,000 before dropping again less than $ 99,000.
China reprisals at American prices
In response to the latest trade measures in the United States, China quickly imposed tariffs on key exports in the United States. A price of 10% was placed on all American imports in China, in force at 12:01 p.m. He. The prices target the sectors such as energy and agriculture, with 15% tasks on coal, LNG and 10% tariffs on crude oil and certain cars. These measures will come into force on February 10. China has also introduced export controls on critical minerals such as tungsten and ruthenium, citing national security problems.
The United States, the Chinese trade war continues to intensify
The trade conflict between the United States and China shows no signs of softening. While President Trump temporarily suspended the prices offered in Mexico and Canada, offering a certain relief to the world markets, no leniency has been extended to China. In addition, China has launched an antitrust survey on Google, reporting new tensions with American companies.
Plump altcoins
Altcoins has also experienced net recovery, XRP increasing by 50%, recovering previous losses, and Solana increased at $ 210. Despite the cryptocurrencies remaining sensitive to macroeconomic events, the price break on Mexico has improved the feeling of the market and aroused a renewal of speculative interest for digital assets. Ethereum has also won and is currently negotiating above $ 2,700.
