Trump tariffs rock markets, Bitcoin falls below USD 100,000

Trump tariffs imposed this weekend rocked markets, sending Bitcoin below USD 100,000.

This was reported by Reuters, according to Economic Pravda.

Cryptocurrency prices fell on Monday, with BTC falling to a three-week low and Ether to its lowest level since early September, as the specter of a global trade war made investors nervous and pushed them out of risky assets.

Bitcoin, the world's largest and most well-known cryptocurrency, fell to USD 94,476.18, hitting a three-week low of around USD 91,441.89.

The smaller cryptocurrency Ether fell about 24% and returned to levels last seen in early September.

Over the weekend, US President Donald Trump imposed a 25% tariff on Mexican and most Canadian imports, as well as a 10% tariff on goods from China, starting Tuesday.

Canada and Mexico, the US’s two largest trading partners, immediately vowed to retaliate, while China said it would challenge Trump’s tariffs at the World Trade Organization.

Cryptocurrency trading is conducted around the clock, including on weekends, and has recently become sensitive to general market sentiment.

Investors fear that the tariffs could hurt company growth and profits, as well as lead to inflation.

As Ukrainian News Agency earlier reported, Bitcoin has renewed its all-time high and peaked at USD 109,007 as of 09:06 on Monday, January 20.