Bitcoin is rapidly falling below $94 thousand: what happened

Kyiv • UNN

Nov 26 2024, 07:44 AM • 9799 views

Bitcoin fell by 4.31% to $93,909 after Trump's statements about the possible introduction of new trade tariffs against China. Most cryptocurrencies also declined, except for Ethereum, which showed a slight increase.

The world's largest cryptocurrency continued yesterday's decline due to Donald Trump's threats of new trade tariffs against China. Writes UNN with reference to Investing.

As of 09:30 Kyiv time, bitcoin has fallen by 4.31% and is now worth $93,909.

The drop was caused by statements made by US President-elect Donald Trump, who threatened to impose new trade tariffs on China and other countries.

Most cryptocurrencies, including altcoins, continued to decline after bitcoin. The exception was Ethereum, the second largest cryptocurrency by capitalization, which rose slightly to $3,242.17.

XRP lost 1.4% after last week's gains, triggered by the news of SEC Chairman Gary Gensler's upcoming resignation in January.

Solana, Cardano, and Polygon experienced a decline from 1.9% to 6.3%, and the Dogecoin memo token fell by 4.2%.

Recall

Last night, bitcoin plummeted to $95,000.

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