The cryptocurrency Bitcoin is on Friday, burdened by the uncertainty about the customs plans of US President Donald Trump, to the lowest level since November last year. The world’s largest cryptocurrency according to the market value recently fell by more than five percent to $ 79,666 (76,687 euros) and was under $ 80,000 for the first time since November 11th. “The fall of Bitcoin less than $ 80,000 shows that the positive mood of a crypto-friendly government and top-class fears have taken its course,” said Joshua Chu, co-chair of the Hong Kong Web3 Association. Bitcoin has lost a quarter of its market value since mid -December.
Apart from a number of appointments of crypto -friendly government employees after Trump’s taking office, there have been little concrete news about Donald Trump for investors since then. “The momentum came to an end when there was no new news,” said Kyle Rodda, a senior financial market analyst at Capital.com.
Crypto currencies Bitcoin and Ether in the downward trend
Ether, the second largest cryptocurrency according to the market value, fell by almost six percent to $ 2149.38 (2069 euros) and thus at the lowest level since January 2024. In addition, investors have moved their money from Bitcoin-based stock exchange funds.
Global investors are unsettled because there are signs that the so-called exceptional position of the US economy could disappear, while Trump is preparing to impose tariffs and thus fuel the fears of higher global inflation and slower growth.
