Cryptocurrency prices have rebounded after plummeting on the 3rd after U.S. President Donald Trump suspended the imposition of tariffs on Mexico and Canada.
As of 10 a.m. on the 4th, according to CoinMarketCap, the price of Bitcoin (BTC) rose 4.72% from the same time the previous day.
It recorded $101,175 (approximately 15.69 million yen). Altcoins, which fell by a larger margin than Bitcoin the previous day, also rebounded. Ripple (XRP) fell 13.36% from the previous day, and Solaris
Sol (SOL) rose 8.71% and Doge (DOGE) rose 11.1%, while Ethereum (ETH) only increased 0.6%.
Previously, these cryptocurrencies plummeted on the 3rd in the aftermath of President Trump's tariffs.
This is the result of the decision to impose tariffs of 25% each on Canada and Mexico, and 10% on China, via executive order, effective from the 4th of this month.
Bitcoin falls to the $92,000 range, while Ethereum, Ripple and Dogecoin fall to the $92,000 range.
Both coins and coins recorded a drop of 20%. However, on the 3rd (local time), one day before the implementation of the 25% tariffs on Canada, President Trump announced a one-month moratorium on the tariffs.
Prior to this, the government also decided to postpone the imposition of taxes on Mexico for one month.
2025/02/04 12:52 KST
Copyright(C) BlockchainToday wowkorea.jp 118