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Bitcoin slipped more than 3% to $ 114,520 early Friday, leading to the wider cryptography market with him after US President Donald Trump announced new trade rates on several nations.
The net drop has triggered more than $ 705 million in long -term liquidations in the last 24 hours, according to in Correglass. Ethereum Traders brought the weight of pain, with $ 226.37 million long liquidations, exceeding 177.72 million dollars shaken with Bitcoin.
The larger crypto market capitalization fell 4% to 3.72 dollars, according to CoinmarketCap.
The feeling of investors also struck, with the Index for fear of crypto and greed Sauge 7 points to a 65/100 score.
Trump imposes prices on several business partners
The sale followed the signing by Trump of an executive decree which raised prices on nations which have not concluded trade agreements with the United States by the deadline of August 1.
Targets include Canada, Taiwan, Thailand and Switzerland, while more compliant partners such as the EU, the United Kingdom and South Korea will see adjusted terms used later.
In addition to rates on Canada prices from 25% to 35%, rates for countries that have not concluded an agreement with the United States before the deadline.
Trump struck South Africa and India with 25% tariff rates and Taiwan with 20%, while a 39% price has placed Switzerland among the most targeted countries.
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